Great Depression In America Essay

Good Essays
The great depression set the stage for the hardest time for Americans would have to go through in its history. “In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time” (Stock Market Crash of 1929). The economy went into a complete free fall no one had money left besides some rich people everyone was almost completely bankrupt. Furthermore because of the times men felt that because they could not support their families they would just leave and wander around looking for jobs for months never returning home. “One fourth of the entire American …show more content…
They consisted of mainly farmers” (Turnpike 13-15). This shows how the crash hit America in every way possible aspect farmers were even giving up they had too much debt to afford their land. People could not get food as it was already with so many farmers not being able to make the food it was becoming more expensive. With everyone already losing all their money, and now food was becoming more scarce and expensive, it was getting worse than imaginable. “The great depression put a great deal of stress on families. Only after exhausting all alternatives would they reluctantly look to the government for help. Other families did not fare as well, and ended up falling apart” (Carroll 34-35). Parent’s not being able to feed their children, or themselves. Not being able to buy new clothes or live in a house where everyone doesn 't share a bedroom. This is what tore families apart. Without money, no one can do anything fathers felt they could not support their families and would leave sometimes so now the mom was stuck taking care of the children alone and looking for a job. The crash made Americans realized how quickly their lives could change, and how much wall street affected the economy making Americans learn a

Related Documents

  • Decent Essays

    Since businesses like banks were shutting down there was very little jobs available to the American people and even immigrants. The number of “unemployment continued to increase” even with everything that Hoover was striving to accomplish for his very frustrated people (Bower, 396). He was demonstrating how he was failing as the President of the United States in consideration of the increasing problems that he was creating instead of stopping. Since there were no jobs obtainable for anyone, the people had to eventually leave their homes because they could not pay for them. Due to leaving their homes “ shanty towns that homeless Americans in many cities built out of crucle card board and tar paper” were now where they had to live their very distressing lives in (Bower, 396).…

    • 1007 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    They both had electricity, house, etc.. taken away from them because they were struggling paying bills. In both stories the bank was the monster because if the bank didn’t profit from people then it took things away from them. Also both families had hopes of a better future but those hopes were crushed by the bank. The bank forced their employees to take things away from others because it was either that or they would lose their job. Both families lived confortable in the beginning but later in “Cinderella Man” depression struck and the family were struggling to keep up with all the bills.…

    • 973 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Small farmers were run out of their businesses and some were even ran out of their homes due to insufficient funds. Housing construction was getting higher and higher to be able to pay for it so by the 1920s it had fell drastically. People thought that borrowing money was going to be the “Gold Rush of Stocks” so many people were trying to get money. Rapid growth in bank credits and loans had a major effect into the fall of the Stock Market. Margin millionaires had lost all of their money by the time the Stock Market fell due to stocks being overpriced and people could no longer afford to pay for them.…

    • 1206 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Many economists and historians believe the Great Depression was an effect of the crash, but the crash only signaled what was already the start of the Depression. The effects were seen in finances and unemployment, and because the stock market crashed, the economy of America plummeted. Many lost life savings, bankers and brokers had no money to loan so were forced to close, unemployment…

    • 1174 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    According to the article “The Great Depression Brings Economic Crisis” from the book Great Events, The Stock Market Crash of 1929 caused one of the largest economic depressions in the history of the United States causing many American families to lose nearly all of their money. When this occurred, the United States government did very little to help the citizens of the United States leaving families and the working class to fight for their survival. The Stock Market Crash of 1929 changed the lives of the United States working class as the crash caused money loss, job loss, poor living conditions, lower wages, and struggles for food across America for the working class during the 1930s. The Stock Market Crash of 1929 caused several losses for…

    • 1472 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Since all businesses were in a decline, work was very scarce. Many low class workers with less skills than other employees could not find employment. Many middle class employees were also hit by the hardship of unemployment as they struggled to keep their jobs for long periods of time. Finally, economic derailment occurred when the stock market crashed on Black Tuesday and many people lost substantial amounts of money due to their stock holdings. As stock prices drastically went down on Black Tuesday many people watched as they fell into debt.…

    • 1188 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Even those who were in the high class were suffering. During this economic crisis farmers were also suffering because of the dust bowl. Across America about 600 banks were closing every year, houses were being taken away from people because they could not pay their mortgages, factories started closing because of the increasing percentage of unemployment. The government, many…

    • 1301 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    They had worried about not being able to feed their families or provide for them. They believed that after a little while everything would go back to normal, that it was just a bump in the road. After a while of wishful thinking their hopes turned sour. The confidence level of the consumers dropped a lot after the stock market crash. With all of the people who were laid off without no pay they had absolutely no money for anything they needed or wanted.…

    • 1397 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Most importantly, the sudden change from the wealth and materialism of the 1920s to the poverty and desperation of the 1930s, sent a shockwave through the American people. Fear and utter hopelessness smothered everyone and everything. People who had lived the high life in the 20s, awoke to find themselves on the bottom rung. Being well-educated did not protect people. One out of every four workers lost their job during the Great Depression.…

    • 1101 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    In turn, that meant, combined with their already building debt, the banks did not have enough money coming in. The Stock Market Crash of 1929 was a leading cause and the beginning of The Great Depression but the tipping point of it was because there was a money shortage throughout the banks in America. “By the spring of 1930, six months after the crash, more than 4 million Americans were out of work” (Glassman 29). Businesses who lost money in the crash had to lay off workers and stores were not making any money because no one had money to buy goods. The Great Depression was the worst economic downturn in American history, and with President Herbert Hoover, who was unwilling to step in and help the growing poor population, it was a never ending cycle that could not be broken.…

    • 1478 Words
    • 6 Pages
    Decent Essays