How Is Bleeding Black Tuesday Related To The Great Depression

“Bleeding Black Tuesday” also known as The Wall Street Crash of 1929, in October 29. It was the most devastating stock market crash in the history of the United States. During the 20s, real estate values were rising, by 1925, values of real estate in the United States was at its peak but were beginning to drop. This was the start of the chain of events that led to the Great Depression, It was a severe worldwide economic depression that took place during the 1930s. It started in 1929 and lasted until the late 1930s. The Great Depression is commonly used as an example of how far the world's economy can decline. “Bleeding Black Tuesday” which also caused the Great Depression both showed a great representation picture of the United States. The

In a short period of time, world output and standards of living dropped. Most of the labor force in industrialized countries was unable to find work in the early 1930s. While conditions began to improve by the mid-1930s, total recovery was not accomplished until the end of the decade. The Depression was actually ended, and prosperity restored, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. unemployment did decline at the start of World War II. But that was a statistical residue of sending millions of young American men to fight and die in the war. When the president Franklin Roosevelt was elected in 1932 he promised a New Deal for the his people. In November 1932 unemployment rates were rising to more than 20% and yearly production of final goods and services had fallen nearly 28% at the peak 1929. The Hoover administration and Republican Congress expanded some of the federal outlays, added lending programs, and called for voluntarism to combat the decline of the economy. Roosevelt won the election in a landslide and the Democrats took over both Houses of Congress. Meanwhile, the Garwan

president from , Eleanor was born into a wealthy New York family. She married Franklin Roosevelt. By the 1920s, Eleanor Roosevelt, was involved a lot in Democratic Party politics and numerous social reform organizations. She was one of the most active first ladies in history, she also worked for political, racial, and social justice. After Franklin Roosevelt died, Eleanor was a delegate to the United Nations and continued to serve for a wide range of human rights issues. She remained active even after his husband's death in Democratic causes and was a writer until her death in