The Stock Market crash affected all Americans in a very significant way, it completely crippled the infrastructure of American factories, and working class families. Americans faced wage cuts, debt, bank closings, and other sorts of atrocities. African Americans, and White Americans were equally impacted because both faces horrible pay cuts, and firing so they were equally impacted prosperity for both. The Great Depression crash was the most devastating monetary crash that the ENTIRE world has ever experienced. The crash devastated jobs, banks, and that affected Blacks, and Whites. The crash had farmers taking fifty percent cuts, on the price of their product to sell at market. This was overshadowed by the facts that on October 29, 1929 the day of the crash stocks hit the bottom. The fact was that they had no way to decrease they hit rock bottom and that was a very scary thing for a lot of Americans. What caused the Stock Market crash was the influence of the amount of trading during 1929 according to History.com article about the Great Depression. On October 29, 1929 the day of the crash 16.4% of the trades that were traded and then it hit the Stock Market …show more content…
During the roaring 20s´, the period before the Great Depression huge innovations were put into use to get up production speed and for the amount being sold at market or bartered. Because every year prices of goods took a 10% deflation decrease, and by 1933 the United States GDP had fallen a staggering 33% that means that gross domestic product, or the amount the US was producing has fallen considerably according to the US politics article. On top of that world trading saw a hint of 66% decrease according to the US politics article. Plus another issue was unemployment rose from 1929-1933 a 3.2%, to a very scary 24.9% gotten from