The Great Depression was the collapse and fall of many banks and economies across the world. The Great Depression created damage to not only finances but also social growth. Its effects on minorities were tremendous across the globe. People had to live with almost no money and learn to adapt to the new life made for them. “... it brought unprecedented economic despair to the United States” (Brinkley 566) People had a challenging time holding on to their faith, beliefs, and social adaptations during this tough time. Some of the highest of highs ended in the lowest of lows.
The Great Depression was a traumatic time for many Americans, and even others from countries globally. Right before the depression was a stock jump, when the stock market rose and held steady for a short while. Until they were not holding as good and it suddenly plummeted. “On October 29, “Black Tuesday,” after a week of growing instability, all efforts to save the market had failed.” (Brinkley 562). The stocks created a large dent in the country's economy to the point people were fearing for their money and began doing bank runs that ended in banks not having enough funding to support such events. People ended up not having funds to support their families and lives, which created
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American banks could not withstand so much demand with no money to provide. America quickly asked for loans from allied countries, but they already had their own dues to pay to others. Many countries relied on America and when we did not have the needs supplied other countries began to fall. Specifically in America the African Americans were last on the list, “Many left the land either by choice or because they had been evicted by landlords...” (Brinkley 567). Hispanics got most of their jobs taken by whites because they believed they deserved more. The Asian Americans worked for their family-owned businesses or fruit