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How Did The Great Depression Impact The Future Of America?

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Homeless, poor, starving, the end of the world? Many people of the 1920s felt this way during the stock market crash of 1929, a significant piece of American history that ties directly into the Great Depression. In order to understand the significance this event holds, you first need to learn about the events leading up to it, the people involved as well as how this impacted the future of America. The stock market crash of 1929 was an extremely devastating event that greatly impacted the economy, people's lives and, directly led into the Great Depression. In the 1920s, the stock market boomed coming off WW1, and due to an increase in jobs and more people buying products, “From 1920 to 1929 stocks more than quadrupled in value” (“The Stock Market …show more content…

Black Monday was Black Tuesday, during which stock prices plummeted, and 16,410,030 shares were traded immediately on the New York Stock Exchange in one single day. The stock market crash was not the sole cause of the Great Depression, but it greatly impacted the economy, speeding up the collapse of America. Although the economy was greatly affected, the people suffered as well, with nearly 30% of citizens suffering from unemployment. Unfortunately, the economy wouldn't be the only thing impacted by the crash, as several people's lives would soon take a turn for the worse. Many people lost what they thought was everything, “Men and women lost their life savings, feared for their jobs, and worried whether they could pay their bills” (“Stock Market Crash of 1929”). This caused people to panic, which would only make things worse. As people started to hope that things would recover, it declined once again leading into the biggest depression America would see “By 1932 approximately one out of every four Americans was unemployed.” (“Stock Market Crash of October

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The economy of the United States expanded greatly through the 1920 's reaching its climax in August 1929. By this point, production had already declined and unemployment was at an all-time high, leaving stocks to imitate their real value. During the stock market crash of 1929, better known as Black Tuesday, investors traded vast numbers of shares in a single day, causing billions of dollars to be lost and millions of investors to be eliminated. This "crash" signaled the beginning of a decade long Great Depression that would affect all Western industrialized nations; a crash that would later become known as one of the darkest, longest lasting, economic downturns in American history. People all around the world suffered greatly as personal income,

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The critical problems in the late 1920’s, threatening american economy was the older industries such as textiles, steel, and railroads, which were basic to the fundamental well-being of the economy, were barely profitable. Crop prices dropped, americans thought the nation would continue to prosper under Republican leadership. The bottom fell out of the market and the nation's confidence, and half of the banks failed. The causes of the stock market crashed and the Great Depression made the collapse of the economy occur more quickly and the depression worse than it could have been. Many were out of a job, and others experienced pay cuts and reduced hours.

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On October 24, 1929, also known as ‘Black Thursday’, one of the greatest economic and social crisis in the United States of America begun. On that day more than 12 and half million shares of stock were sold, which was triple the usual amount. Next, over the following 4 days, the stock market prices fell 23 percent. Afterwards, the Americans had to face suffering and obstacles for the next 10 years. In 1933, the unemployment had risen from 3 percent to 25 percent of nation’s workforce and those who were able to keep their jobs faced harsh reductions in wages.

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Great Depression DBQ Write Your Essay Here: (Be sure to BOLD your document #’s and highlight outside information) After the stock market crash of 1929, America went into a severe financial crisis known as the Great Depression. During this Great Depression, about 75% percent of American Families lived in poverty, and 25% of people lost their jobs and became unemployed. During this time, many banks went out of business too because people demanded their money back due to the Stock Market Crash. This caused a huge economic banking emergency.

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Many people were poor, and in a lot of debt overnight. The stocks that were worth so much were now worthless and many corporations had gone bankrupt.(Canada in the 20s and 30s, N/A, 1). Black Tuesday made people lose assurance in the economy. Historians state that Black Tuesday was one of the starting symptoms of the Great Depression.(Investing Answers, N/A, 9). Black Tuesday added

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Laura Marie Yapelli Professor Rung Final Paper 12/8/2016 Baseball in The Great Depression On October 29th, 1929 the stock market crashed and sent the United States into a severe economic disaster marking the start of the Great Depression. The effects of the crash were extreme and affected the living and working conditions of Americans across the Country. People and families were not the only ones affected by the Great Depression. Many companies and organizations were feeling the effects as well.

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On October 29, 1929, the stock market crashed. That day has since been infamously nicknamed “Black Tuesday” and it is now recognized as having marked the beginning of the Great Depression. During the time that followed this unfortunate event, much in the economy began to fall apart. The Great Depression brought worldwide calamity. Businesses and banks failed, unemployment rates rose to excruciating levels, and confidence, along with drive, took a nosedive amongst the general population.

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economy had gone into a depression earlier, The Great Depression was by a catastrophic collapse of the New York Stock Exchange and a series of events, which led up to the crash such as the “Roaring Twenties,” where women became more outspoken and rebellious and industrialization led to debt that people couldn’t afford to pay off. “That’s what life is for most people, I reckon…. just barren ground where they have to struggle to make anything grow.” (Burg 33) After this crash, 40 percent of the paper values of common stock were wiped out. The Great Depression left people jobless, homeless, poor, and desperate.

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During the great depression, the United States faced one of the hardest economic crises the nation has ever seen. Before this, the economy was rapidly expanding, and people all over the country were investing in the stock market. However this was not sustainable, by 1929 many investors had seen the stock market to be overvalued leading them to mass sell their shares (History.com). This resulted in an economic collapse that affected millions of Americans. First, it puts a halt to the workforce causing many people to be unemployed, and unable to put food on the table, people even lose their homes and life savings.

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The Great Depression was a prodigious event that affected every citizen of America in the time period of 1929-1939. At this time, citizens were left unemployed and hungry but had little to no money to spend on food or supporting their family. This event occurred because of the stock market crash of 1929. On the 24th of October in 1929 the stock market bursted and investor began dumping immense shares. This began the start of “Black Thursday” where investor’s stocks “on margin” were wiped out.

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The Great Depression was undoubtedly the worst economical time period in United States history. On October 29, 1929, prices of stock in the New York Stock Exchange fell drastically, and following the declinations, the stock market officially crashed. This day was known as “Black Tuesday,” and its effects would last for a decade. To say that a person was not affected by the Depression would be a complete lie, as every single citizen within the country was affected by this omnipotent crash. From wealthy families in New York City, to minorities in the South, the stock market crash brought pain and suffering to everyone.

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During the mid-1900’s, the United States had experienced an era of extreme economic downfalls and social issues called the Great Depression. It was far more intense than previous depressions since it occurred after the first World War, when the country was at its all-time high in profits from selling food and supplies to Europe. After the U.S. exceeded in their time of prosperity, a surplus of crops and goods were overgrown and overproduced than the amount that was being sold. Also, banks were overspending other peoples savings in the stock market and to buy bonds. This lead to millions of Americans to lose their savings in the stock market and banks, become unemployed from businesses, and being kicked out of homes for being unable to pay bills.

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This caused many people to lose their jobs and many businesses to lose their money. According to Tindall & Shi (2012) “from 1929 to 1933, U.S economic output dropped almost 27 percent. The unemployment rate by 1932 was 23 percent” (1082). This shows how much of an impact the stock market had on people. It caused many people to lose their jobs and people were losing money also, this caused many suffering among people.

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The great depression was a rough time for many Americans. The country suffered as a whole but everyone reacted differently to the crisis. The businesses, people and government all handed the Great Depression in different ways. Large businesses and corporations did not help too much to help when the depression hit. The cotton factories in specific were known as terrible places.

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