How Did Black Tuesday Cause The Great Depression

On October 29, 1929, also known as “Black Tuesday”, was a day in history no one will ever forget. It was the day the stock market crashed.

In the years leading to 1930, the Great Plains experienced a healthy amount of rain. The drought began in 1930 when the rain ceased. That year proved tough for farmers in the Great Plains, but they had no idea what was yet to come. In 1931, dust storms began to sweep through the Great Plains. Behind the dust, families stayed hidden inside their homes using wet clothes and such to guard the window sills and door frames. The families affected by the Dust Bowl were trapped inside of their homes for the six years of raging dust storms. The Great Depression was a number of years that consisted of workers being laid off, no job openings available, and an overall economic low in the United States. The Great Depression, which started in the years leading up to the drought, resulted in poor living conditions, including little to no income, scarce food, and unclean water. The Dust Bowl amplified those conditions for the affected families. (Steinbeck, Lewis, “Dust Bowl”

During the 1930s, the United States faced various struggles such as The Great Depression- a time in which farmers suffered severely through many challenges. One of the challenges faced by farmers was the Dust Bowl tragedy; a dust storm affecting many farms throughout the midwest. The tragic Dust Bowl was a consequence due to lack of rainfall in the dry prairie lands, decreasing crop growth, and overproduction in farming causing more exposed land. It occurred because of advancements in farming technology, drought in the Great Plains, and the harvesting of grasslands.

In Document 3, by New York Times, October 29, 1929, stated that, “Stock prices slump $14,000,000,000 in nation-wide stampede to unload; bankers to support market today.” On October 29, 1929, a panic overcame the markets, being called Black Tuesday. The stock market catastrophically dropped in value by $16 million dollars––nearly one-half of the market’s pre-crash value––and almost all companies’ stock was affected by Black Tuesday. In Document 2, John T. Raskob, former executive, General Motors; Chairman,

The great depression was one of the most economical disasters in the history of the United States. There were many causes of the great depression, including the stock market crash, dust storms, bank failures, over production and America’s policy with Europe. “While not a direct cause of the Great Depression, the drought that occurred in the Mississippi Valley in 1930 was of such proportions that many could not even pay their taxes or other debts and had to sell their farms for no profit to themselves. The area was nicknamed ‘The Dust Bowl’.” (https:// www.thoughtco.com).

The Dust Bowl was suffered the most in the Great Plains, in the area around Colorado, Nebraska, Kansas, New Mexico, and Texas in the area of about 100,000,000 acres of land, in the 1930’s (Goldwag). The reason why these areas suffered the most was due to the number of fields all around them. The area suffered hardships due to human error, heat, and drought, turning fields into powder (Goldwag). This caused the hardships of the great depression to be much worse than imagined. This then implies food shortages due to the droughts, making it very difficult to feed the poor in the times of the great depression. When the droughts began to hit the plains, roughly one third of farmers left their homes, looking for migrant work (Trimarchi). These folks were known as okies (Trimarchi). The Dust Bowl affected a large area of the nation, and many peoples lives changed because of

The economy was not the only thing drying up during the 1930s as a horrific drought took over the Great Plains at the same time. The drought turned the topsoil to loose dust that was carried away with the wind. The resulting dust storms were so large and destructive they made their way all the way to the East Coast. Many of the people in the Midwest were farmers who were left with no way of providing for themselves and without a place to live. This left many of them homeless and in need of government aid. The Dust Bowl was one of the worst disasters in United States history as it displaced millions of people, caused disease, and

In the Southern Great Plains States it was a natural disaster. Farming on the Great Plains was almost impossible. The people couldn’t buy crops because the depression left them poor. In the 1930s the land became a desert because of the drought. Constant winds whipped the dry earth into blinding storms of dust, so much dust that it settled as far away as Boston and New York.

29, 1929 the stock market crashed when panicked investors tried to sell all their shares at once. Now known as Black Tuesday, the crash marks the start of the Great Depression, one of the longest and most catastrophic economic downturns in the world. The depression caused by the crash affected Canada greatly, as businesses closed and unemployment rates went up. Prairie farmers were hit the hardest, having to move into cities after wheat prices dropped and the drought completely turned the soil into

Did you know that some dust storms could be 10,000 feet high? These are the storms faced by the people in the Southern Plains. During the 1930s, America was hit by the Great Depression. Many Americans lost their jobs and were forced into poverty. The Southern Plains were considered to be hit the worst by the Depression. The plains were cornered by the Depression and the Dust Bowl. The Dust Bowl, especially, caused agricultural failures, economic failures, and destroyed the fertile lands of the plains. The Dust Bowl was caused by the overuse of soil, dreadful weather and temperature, and the lack of developed farming system.

In October 1929, the stock market crashed causing thousands of people to lose their jobs.

The Great Depression was one of the darkest times for americans in history,but the midwest got its harder when the Dust Bowl hit.The Dust Bowl destroyed cars homes and people. People needed to flee their homes but most of them were poverty stricken so they had nowhere to go.The crops all became damaged as well and their livestock were all dying from inhaling dust.The Dust Bowl was also called Black Blizzards. During the 1930s Dust bowl in the midwest had many causes which led to significant effects .

The crash of the Stock Market (On Black Tuesday there was a crash of the Stock Market. Two months later stockholders lost $40 billion dollars and even though some was recovered it was not enough)

This became the stock market crash. This day, October 24, 1929, became known as Black Tuesday. In the crash, people lost ten times as much as they put in. After all that everyone lost there trust in the economy. Many people wanted to take their money out of the bank. Banks were running out of money. Because of the cash shortage many banks got closed down.

In the late October of 1929, the United States Stock Market took an immense plummet. This plummet acted as a catalyst to the beginning of the 10 year long Great Depression. It was known as Black Tuesday, aka the Wall Street Crash of 1929. (Harold)