The Great Depression

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The vast Depression

Depression, what does this word mean, not by dictionary entirely by our hearts? It can mean many things, close of them being feeling words. Such as sad, alone, hopeless, and even suicidal. The Great depression was the most significantly horrifying economic set in the history of America. Everything hit rock bottom, including the stock certificate securities industry, banks and the most saddening of them all was tidy sums moral. The Depression hit America hard and fast, it lasted to the highest degree ten years from 1929 to 1940.

        Beginning this tragic era of meter was the famous stock commercialize crash also cognize as black Tuesday. In the 1920s stock prices jumped a redoubted amount, to highs never seen before. Many people much(prenominal) as raimentors believed that stocks were a for sure thing. So they started borrowing heavily which would enable them to invest more money into the stock market. That was all about to end, for in 1929 the bubble was popped and stocks started to go down very quickly. By 1933 the market had reached its lowest point ever, down a total of 80%. This hid the American economy hard; the strong demand for goods, such as major appliances went down, no more money to invest. The stock market had let many people down. (Stock market crash. The first measured century. 11-07-04. http://www.pbs.



org/fmc/timeline/estockmarketcrash.htm.)

        The stock market wasnt the all thing to go down. Banks played a major habit with the stock market; they were almost hand in hand. Because people had to borrow money and get credit from the banks to invest in the market. So as the market began to crash, banks went erupt. No business, people started taking their money out of savings accounts. Nine million bank

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accounts were wiped out. The banks began to run...

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