In America, we faced a major problem on October, 24, 1929. As we call it today “ Black Thursday”, the beginning of the Stock Market crash. The Stock Market crash continued to crash until “Black Tuesday” (October, 29, 1929), leading America into an economic depression, known as the “Great Depression”. Americans were getting laying off, leading people without money, jobs, family member, food and shelter. Forcing companies and industries to go down the drain.This excessive amount of complication came along after the “Great Crash”.
Black Tuesday as we call it, was a day the New York Stock “Market” Exchange crashed on Wall street. Before the “Roaring Twenties” came to an end, the Stock market was a place where you can buy a margin. A margin is …show more content…
Industries and companies were started firing people, they started firing African Americans first. ”They were the first to be laid off from their jobs, and they suffered from an unemployment rate two to three times that of whites.” Says Hollis Lynch, writer for the Encyclopaedia Britannica, and Professor Emeritus of History, in Columbia University. She continues writing about how African Americans had a massive amount less aid than whites. When African Americans had no places they could go for food, they looked forward to the soup kitchen, to find out some don't allow “blacks” in. Hollis continues saying “...some charitable organizations even excluded blacks from their soup kitchens.” leaving a few starved and dying. However, for the white Americans, life was a tad different. White Americans were allowed at all the soup kitchens, but few went at first, then a lot more came because they had to. also , white americans were slowly getting fired from companies and industries. All Americans were losing money one way or another, many were forced out of their homes, car, etc. They started finding public lands to build “houses from scraps like metals, windows, car door, and fences. All together America was “weak”, letting down its defenses, allowing other countries to attack and start a war- World War II-. America was losing more than it could at the
Black Tuesday as we call it, was a day the New York Stock “Market” Exchange crashed on Wall street. Before the “Roaring Twenties” came to an end, the Stock market was a place where you can buy a margin. A margin is …show more content…
Industries and companies were started firing people, they started firing African Americans first. ”They were the first to be laid off from their jobs, and they suffered from an unemployment rate two to three times that of whites.” Says Hollis Lynch, writer for the Encyclopaedia Britannica, and Professor Emeritus of History, in Columbia University. She continues writing about how African Americans had a massive amount less aid than whites. When African Americans had no places they could go for food, they looked forward to the soup kitchen, to find out some don't allow “blacks” in. Hollis continues saying “...some charitable organizations even excluded blacks from their soup kitchens.” leaving a few starved and dying. However, for the white Americans, life was a tad different. White Americans were allowed at all the soup kitchens, but few went at first, then a lot more came because they had to. also , white americans were slowly getting fired from companies and industries. All Americans were losing money one way or another, many were forced out of their homes, car, etc. They started finding public lands to build “houses from scraps like metals, windows, car door, and fences. All together America was “weak”, letting down its defenses, allowing other countries to attack and start a war- World War II-. America was losing more than it could at the