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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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