The Great Depression

1292 WordsJul 23, 20156 Pages
Before the crash Before the start of the great depression the United States was a country of great economic wealth, with new technology being invented and a boom in industry. Due to a boom in America’s Industry because of World War One the economy was at an all-time high with a tremendous amount of prosperity. Following the end of world war one the industrial might that America had was being used for peaceful, domestic purposes instead of being used for violence and war. New technologies like cars, refrigerators were invented as well as a breakthrough in medicine with insulin and penicillin being discovered. Because of this industrial boom there were more city jobs, thus the population started moving off the farms and into the cities due to their being higher wages in the city. This led to there being less people living and working on farms which caused America’s wealth to double between 1920 and 1929. Racism was also at a high through the 1920’s. The Khu Klux Klan, which was a white supremacy group remerged in the early 1920’s which caused tension between the white and black races. This led to a wave of violent outbreaks that caused the peace between the two races to get further and further apart. Then came the Great Depression in 1929 which will be the main focus of my speech today. The Great Depression was the deepest and longest lasting economic downturn in the history of the western world. It all started in 1929 with the wall street stock market crash of October

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