Black Tuesday And The Great Depression

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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 …show more content…
“The Great Depression did not affect everyone the same way. Many rich people felt no impact at all, and were oblivious to the suffering of others. Up to forty percent of the country never faced real hardship during those” (Wall Street). That forty percent was mainly the rich. As stated earlier one out of every American was unemployed. However the poor were affected so badly because when they bought on speculation they did not have the money to pay back their debt they never did in the first place. “The middle class Americans stood in the same soup lines previously graced only by the nation 's poorest, the entire social fabric of America was forever altered” (Turnpike

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