The Tragic Causes Of The Great Depression

As you look up at the grey endless sky, which stretched for miles, you see it reflecting on the dark mood of the people. As if stunned by the drastic and chaotic events of hours ago, they were lifeless, pale-looking, as if they already had one foot in the grave. The “Dirty Thirties,” or more commonly known as the Great Depression, marked a catastrophic time in our history that we cannot forget. People love money and are extremely greedy, which did not help the dreary situation of the Great Depression. It’s been almost 90 years since this historic event, but as the world knows, “history has a way of repeating itself.” The Great Depression was a horrific, and long lasting event caused by both human and technical flaws, and it all began starting

It’s a wonder that people missed the exaggerated warnings that were shoved right to them, yet it seemed that would turn a blind eye to them ALL. On March 25, 1929 there was a “mini” crash that if thought about, would make them immediately, think “Hey, maybe this should be looked into, just in case.” But none of them did, which led to even more financial ruin. Even trusted financial advisors, the people the government themselves hired, gave warnings, yet society “ran” on – like running in the street, waiting to get hit, and they were hit badly. After the long and enormous stock-market- crash, it seemed as if the market continued to crash, getting worse every time. On top of all of this, as if matters couldn’t get any worse, the ticker-tape was far behind. This invention was the latest digital electronic communications system of that time, transmitting stock price information over telegraph lines. The once praised machine was over 2 ½ hours behind, which meant that no matter how bad things seemed, they weren’t really as bad as they actually were. Each person, including the President of Wall Street, who ironically was on vacation the exact day, didn’t realize this until the situation was beyond repair. Even though the stock market crash made a huge dent in the Great Depression situation, it wasn’t the only