Great Depression In The 1930's

One of the factors that contributed to the Great Depression in the 1930’s was the stock market crash. This crash of the stock market sent American’s across the globe into a panic. This great depression left many Americans without jobs but they also lost a lot of money. The many things the people of the United States were doing to destroy the economy without even knowing what they were doing. Many blacks and whites were affected by the stock market crash, that left them with nothing. Everything that a person had in the bank was gone, that led to people having to sale their property.

The Great Depression started in 1929 and lasted until about 1939. By the fall of 1929 the stock market prices had reached to the level that could not be

The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world (Stock market crash of 1929). The United States was damaged the most by this Great Depression that push the economy down. In the midsummer of 1929 some 300 million share of stock were being carried on margin, pushing the Dow Jones Industrial Average to a peak of 381 points in september (Stock market crash of 1929). The U.S. citizen were starting to share bank accounts with each other that the banks had to force to close down. The prices of the stock soared to a fantastic heights in the great “Hoover bull market”, and the public, from banking and industrial magnates to chauffeurs and cook, rushed to brokers to invest their surplus or their saving in securities, which they could sell at a profit ( Stock market crash of 1929). People did many things to put money in their stocks. People sold their Liberty Bond and mortgaged their homes to pour their cash into the stock market ( Stock market of 1929). The programs the government made tried to help the banks stay open and tried to help the citizen get their money back. Still, the Dow average closed down only six points after a number of major banks and investment companies bought up great blocks of stock in a successful effort to stem the panic that day, their attempts,

The cause of the Great depression were many and various, and Agriculture had collapsed in 1919 and was a continuing source of weakness (United States). Many people were going to the bank to borrow money to do things they want to do but they didn't know that this was one reason the stock market crashed. Wages had not kept with profits, and by the late 1920s consumers were reaching the limits of their ability to borrow and spend ( United States). The Great depression was so bad that people stormed in the banks trying to get their money out of their stocks. Despite occasional rallies, the slide persisted until 1932, when stock averages were barely a fourth of what they had been in 1929 ( United States). The citizen of the United States did not know the things that they were doing were hurting the economy. The crash, which was inevitable since stock prices were much in excess of real value, greatly accelerated every bad tendency, destroying the confidence of investors and consumers alike ( United States). This Great depression didn’t just hurt the American but it hurt the countries that were trading with us because we couldn't buy goods from them so they wasn't making any money and WW1 just ended and they needed money to pay for war debts. International trade had never recovered from World War 1, Europe still depended on