The Great Depression
The great depression took everyone in the united states on a rollercoaster of anxiety and worry before it could possibly get any better.
The crash of 1921:
The diagram below shows how the stock market of S&P index rises and falls. It started off at about eight dollars, then dropped about one dollar. This was still happening but more towards the favor of the companies by going up more so than down. In 1929 the top 500 best public companies (financially wise) were at their peak. At the beginning of 1929 all the way till 1932 the stock market was dropping dramatically. That is what this diagram is showing.
The People's Side
Herbert Hoover thought wrong when he thought that the economy would get better by itself. It got tremendously worse. Many people lost their jobs, sell them their houses, and some even sell their children
. It was a very tough time for everyone young, old, short, tall. Everyone was affected tremendously. People put the very little amount of money that they still had under their mattresses because in the time period of Herbert Hoover mattresses were safer than banks.
Franklin D. Roosevelt:
Franklin D. Roosevelt came from an aristocratic family. He was a cousin of Teddy Roosevelt. “He was to the …show more content…
The crash of 1921 sent the United States of America in an economic decline. The S&P Index keeps going up up up and dropped dramatically. The banks went bankrupt and people lost all their money if not most of it, which caused many people to lose their homes and just had terrible lives for about the next 10 years. The great depression did not change immediately but quickly turned around when Franklin D. Roosevelt became president of america.
In conclusion, the great depression was one of the most tragic times in the United States of America. It was also an imbaresment to our country, and is not in any way shape or form to be taken
The great depression took everyone in the united states on a rollercoaster of anxiety and worry before it could possibly get any better.
The crash of 1921:
The diagram below shows how the stock market of S&P index rises and falls. It started off at about eight dollars, then dropped about one dollar. This was still happening but more towards the favor of the companies by going up more so than down. In 1929 the top 500 best public companies (financially wise) were at their peak. At the beginning of 1929 all the way till 1932 the stock market was dropping dramatically. That is what this diagram is showing.
The People's Side
Herbert Hoover thought wrong when he thought that the economy would get better by itself. It got tremendously worse. Many people lost their jobs, sell them their houses, and some even sell their children
. It was a very tough time for everyone young, old, short, tall. Everyone was affected tremendously. People put the very little amount of money that they still had under their mattresses because in the time period of Herbert Hoover mattresses were safer than banks.
Franklin D. Roosevelt:
Franklin D. Roosevelt came from an aristocratic family. He was a cousin of Teddy Roosevelt. “He was to the …show more content…
The crash of 1921 sent the United States of America in an economic decline. The S&P Index keeps going up up up and dropped dramatically. The banks went bankrupt and people lost all their money if not most of it, which caused many people to lose their homes and just had terrible lives for about the next 10 years. The great depression did not change immediately but quickly turned around when Franklin D. Roosevelt became president of america.
In conclusion, the great depression was one of the most tragic times in the United States of America. It was also an imbaresment to our country, and is not in any way shape or form to be taken