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What Are The Causes Of The Great Depression Essay

633 Words3 Pages

The Great Depression... a time of sorrow and agony. The Great Depression was a catastrophic time in the United States. As, the economy collapsed so did the hope of families everywhere. It was a time where every family learned the real meaning of suffering. Pain traveled through the heart of every person. From those who couldn’t eat to those who could do nothing to help those in need. On October 29, 1929 now known as Black Tuesday, was the start of something big. It was the start of the Great Depression. Although the economy was already bad as you might imagine this specific day was a deal breaker. On October 29, 1929 the stock market crashed. This caused Wall Street to panic also panicking others in the process.However, before we talk about that, how did the Great Depression even happen? Well, there are various reasons as to why. Some of the possible reasons they say didn’t actually occur till after the Wall street stock market crashed. One example is several bank failures. One of the sources stated, “Throughout the 1930s over 9,000 banks failed. Bank deposits were uninsured and thus as banks failed people simply lost their savings.” This is a very obvious …show more content…

As poverty spread like wildfire, people got depressed. In fact it got so bad that people couldn’t afford to get food. Which also means they couldn't feed their children. This can be a hard pill to swallow, especially if you were a man. To be a man and supposably the provider of the family, and can’t afford to take care of your family can crush any man’s ego. The depression became great within everyone.“Suicide rates, which averaged 12.1 per 100,000 people in the early 1920s jumped to an alarming 18.9 100,000 people in 1929.” This wasn’t even the worst of it all. While those who couldn't handle took their lives several others lived in hunger. People couldn’t afford their own children and were forced to possibly abandon them and even sell

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