Black Tuesday: The Cause Of The Great Depression

On October 29, 1929, a disastrous situation happened in the united states and the American stock market crashed abruptly, which people know as “Black Tuesday” (Martin). It caused a lot of problems for the American citizens. Furthermore, the stock market crash was not the only problem during the Great Depression. During the depression, over 9,000 banks failed and droughts caused farmers a lot of problems which caused the depression to start (Martin). Thus, many people struggled just to feed their own families and the livestock if they own a farm. Consequently, people lost their livestock and unable to sell their products from it, which also affects them. Furthermore, the stock market crashed again after two months, which caused it to lose more than forty billion dollars (Martin). This caused the nation to …show more content…
Furthermore, on May 6, 1933, the executive established the WPA to aid people with useful projects as in occupations.(A and E) (History). This helped the desperate and starved people in need. For instance, at least three million out of ten million famished and jobless Americans gain jobs from the WPA (A and E). Even though three million might not seem like a lot, compared to fourteen million jobless people, but at least the program added three million jobs. Most of the jobs include building fences, and etc…(History). Just building the fences help the society, because this makes less work for the people. For this, FDR quote “ Spiritual and moral disintegration: on destructive to the national fiber” meaning, and not just sitting around and lazing your butt doing literally nothing, while spending your money, work ( History ). In other words, he disdains people not working, so Franklin gives them a job. Furthermore, the Work Progress Administration officially went out of the public eye in June 1943 (History). Above all, one of the biggest programs included