The Worst Economical Events Since The Great Depression

The stock market crash of 1929 made an enormous impact on the economy of the United States as a whole, not just certain locations or a specific social class. This economic crisis led to rapid extremes which included mass unemployment, rates of marriage and income to drop immensely, and food was close to unobtainable. This change altered lives and working conditions of every person, men, women and the youth.

The Wall Street stock market crash is the worst and longest economic collapse known as The Great Depression in the United States during 1929 through 1939. Millions of people lost their savings when financial institutions began to fail. This greatly affected those who were also on unemployment making the statistics reach twenty five percent due to companies laying off their workers because they didn’t have the funds to pay them, and forcing those to buy on credit leading to debts and foreclosures. (Belmonte 652) Additionally, due to so many people losing their jobs it caused them to act desperately when it came to supporting themselves.

The Stock Market crash was something nobody expected, it came out of nowhere and striked fear into the american people. Many people started to panic which lead to a lot of poverty and people struggling economically to support their families. It all started on October 29, 1929 which today we know it as “Black Tuesday.”. “On Black Tuesday when the stock market crashed, billions of the people’s and Bank’s dollars were lost as the world went downward” ( Stock Market Crash). This was known to be the largest economic downturn in history. After all of the chaos with the economy the crash of the stock market led to the Great Depression. The Great Depression advanced the overall economic collapse of the U.S which lead to a lot of symptoms.

American Society suffered due to the crash. Unemployment in the United States rose to 25%. Even those who maintained a job suffered as wages fell 42%. The previously growing economy fell 50%, and trade between nations with the US plummeted 65% (Amadeo). All of these sudden changes caused an uproar in society. The response to the decline in America’s economy caused American’s to immediately begin throwing out accusations as to the cause of the crash. They began blaming each other and scared stock brokers calling it “panic selling” (Suddath).

In the early 1930s, the Great Depression devastated millions of Americans. There were 13 to 15 million people unemployed and half of the banks failed. With the unemployment rate so high, the U.S government was incapable of doing any significance for the country. Investors lost their savings and capital on new companies. The American economy was threatened by no innovation or productivity to increase economic growth. Until the United States entered World War I, which the American economy started booming. Manufacturing companies were able to come back alive and strong because of the war. Then America was booming until the the crash of 2008. In 2008, the economy had a similar depression state like in the 1930s. The unemployment rate skyrocketed

In the 1920's, things were really rocking in the US and around the world. The rapid increase in industrialization was fueling growth in the economy, and technology improvements had the leading economists believing that the up rise would continue. During this boom period, wages increased along with consumer spending, and stock prices began to rise as well. Billions of dollars were invested in the stock market as people began speculating on the rising stock prices and buying on margin.

The Great Depression was the single worst economic crisis ever experienced by the United States. In President Franklin Delano Roosevelt 's own words, by 1933 fully one-third of the nation 's citizens were ill-housed, ill-clad, and ill-nourished. Roosevelt 's was a presidency sired in crisis and sustained in war, and the very fabric of American society could not but be fundamentally altered as these extraordinary years progressed (Heale 2001, 16). One such fundamental change pertained to the American family. The Great Depression would forever reform the ways in which women in America were perceived, utilized, and ultimately, needed. Eliciting deep wellsprings of resourcefulness and ingenuity, the Great Depression demanded that women assume

Thesis: The Stock Market Crash damaged the expanding economy and demolished the thriving hopes of the American people. Industries suffered from insufficient return on profit and investment while citizens lost their occupations, incomes, and savings. Shortly after the crash, the inevitable Great Depression

The Great Depression of 1929 was a deadly blow to the economy. This occurs when the United State won the World War I. After the war people who worked in the factories making weapons lost their job. People who came back from the war did not when back to work they were proud of themselves having fun time buying stocks. Then the disaster happened, on October 29 the Black Tuesday the stock market crashes, the stock drop the banker who bought the stock invest more money into the stock hope the stock is going to rise, but it did not seen to work out the stock were still decreasing and people were unable to sell out their stocks. Which cause the Bank Failure, people want to take their saving out from the banks, but the banks were unable to give back their money about 9,000 banks failed in the 1930s(Martin 1). The unemployment rate keeps rising, people who did not have a job were worried about their saving, afraid to waste their money on goods become very careful on the use of money on goods. This cause the Reduction in Purchasing some business failed. The disaster did not end the natural disaster the Dust Blow occur on April 14, 1935. There were about 38 storms by 1934 millions of farmers lost their farmland and houses have to leave their homeland became homeless.

In the United States there has been times of economic hardships for Americans. One of those hard times was during the Great Depression. This place in history was when agriculture, the banking system and our nation’s purchasing power was in turmoil. For many farmers droughts had taken a toll. Their farms were turned in large dust bowls and growing crops was almost impossible. The banking system was very volatile because of bad investments. Many of the banking institutions had invested a lot of money in the stock market and loaned businesses money in which they invested into the stock market. The stock market crashed on Black Tuesday in 1929. Billions of dollars were lost on this day. The conditions of the Great Depression called for some new

The Great Depression was one of the worst economic downturns in history. When the stock market crashed in 1929 it made millions of people lose their jobs. Over the span of 10 years investments and consumer spending dropped which caused a lot of companies to lay off their workers. By 1939 over 13 million Americans were unemployed and over half of the country’s banks had fallen.

The Economy shifts all the time and comes back to an equilibrium, but the changes it brings are permanent. From 2007 to 2009 the united states went through an economic downfall. The economic crash in 2008 changed everyone’s lives. I will be discussing this more on a personal level as in how people’s actual lives changed, rather than discussing the numbers and how the stock market changed. What happens when the economy crashes and how does this impact people? I will answer this using the lens that describes the everyday lives of people. What made people realize that the economy was suffering? People had the same amount of income but the prices of everything around got extremely high. The things that made a huge impact was the gas prices and loss of jobs. One thing leading to another, with gas prices so high people weren’t even able to reach new job opportunities.

The stock market is a big part of the world economy. It reflects the way businesses are doing and it affects almost every American household. When the market is up people are happy, when the market is down people are sad. In nineteen ninety-nine when the stock market crashed the great depression was set in motion. When something like that happens it causes people to wonder, what happened and how do we prevent it from happening again. In the year two thousand there was a book written about the crash by Kristen Brennan, she talks about how to prevent another crash and about what caused the first one to take place. The ironic thing is that this book was written eight years before the next big stock market crash. This makes people wonder, are the causes related, if they are how did we not see this coming, and what was the cause of the two thousand and eight crash. There are many similarities and differences between the crash of nineteen twenty -nine and the crash of two thousand and eight.

The Great Depression is the biggest economic downfall America has ever experienced. It was a time when almost all Americans suffered, one way or another. It was a devastating period for several people and, therefore, thousands went through rough family separations, poverty, and other emotionally challenging experiences. Starting in 1929 lasting ten years, this was one of the longest economic downfalls in the history of such a modernized world, and unfortunately, the people were highly affected, as over fifteen million people became unemployed, which is a prodigious twenty-five percent of the population (Taylor, par. 7). Due to the fact that America was one of the most industrialized nations, this depression was truly unexpected. One stock market crash set America in a completely different direction, and the American dream that everyone aspired to achieve in their lifetimes suddenly vanished. Thousands of people became jobless and got thrown into the streets, not knowing what to do. Albeit many may say that the people suffered deeply, others believed there was a silver lining. Survivors of The Great Depression mention that they have changed emotionally, physically, and have become more conscious towards helping their planet Earth. Thus, while the lack of financial security during the Great Depression was certainly emotionally stressful, for many Americans this uncertainty actually triggered significant personal character developments in many facets of their lives.

The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry.