Great Depression Suicide

Great Essays
Jumping off buildings, falling to your death, because you think your life is over from the collapse of the stock market. This is what the Great Depression is widely recognized for: crashing stock market, thousands of suicides and how quickly poverty spread across the nation. On October 29, 1929, which is commonly known as the black Tuesday, 40 percent of paper values decreased dramatically (Nelson). The period that followed from 1929 to 1945 was known as the Great Depression. Millions of Americans lost their jobs and money when the stock market crashed. The Great Depression is one of the most devastating experiences of mass hysteria in America. This upsetting event in American history affected everyone. The effects hit everyone in America …show more content…
According to “Suicides during the Great Depression in the United States, Canada and Europe”, there were at least ten thousand recorded suicides during the Great Depression. There were people jumping out buildings to their death. It was a sad time in American history with the amount of people who took their own lives and those who could not survive in the terrible living conditions that were left after the panic. There were makeshift shanty towns called Hooverville. Hoovervilles were tattered communities of the homeless, coalesced in and around every major city in the country (Watkins 59). There were about three million kids who were not going to school anymore because of the depression. Many of the children would beg for food or money to help their families. Most of the panic found in the Great Depression was centered on the closings of all the banks in the …show more content…
When millions of people realized they wanted their money out if the banks and the banks could not compensate for the excess amount of people trying to withdraw their money that would upset the balance they were forced to close the banks. With the banks closed this caused a great panic. Millions of people became scared and the panic set in. When the banks closed there were thousands of people who felt that everything was going to fall apart. The banks faced many publicly on the closings and not having the ability to give the people of America their money. The imbalance of more people withdrawing their money out, than people keeping their money caused the banks to shut down and this cost the people of America thousands and thousands of dollars. The banks shutting down were the last straw when the panic set off. The banks and government closed for a few days. The closings sent many people into breakdowns. As the banks got worse the government decided to step in and try to help the people and the

Related Documents

  • Superior Essays

    As stock prices drastically went down on Black Tuesday many people watched as they fell into debt. Any hope that the roaring 20’s had put into the minds of citizens was quickly shattered as stocks hit rock bottom prices and were sold off rapidly to avoid any further loss (Canada History, 2013). When the stock prices fell many Canadians had bought substantial amounts of stocks on loan hoping to make profit off them when they go up because…

    • 1188 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    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. The Stock Market was so high that people were mortgaging their homes so they would be able to pour their money into the Stock Market (“What…

    • 1206 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Great Depression was triggered by the stock market crash of 1929. Banks, factories and stores started to fail and eventually they closed, there was a drastic reduction in purchasing goods. The unequal distribution of wealth contributed to the great depression, In the 1920s, the wealthiest one percent owned more than a third of American assets. The economic impact the Great Depression had on the United States was very profound. The amount of jobs lost reached…

    • 1748 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    This time period has made a huge impact on American society because it caused people to lose all trust in the banks, it caused a major job shortage, and it negatively impacted the American spirit. The Depression quickly caused the American people to lose all faith in the banks. When the stock market finally crashed on October 29, 1929, the banks lost billions of dollars (Lindop 9). Banks had invested their depositors’ money; therefore, when the stocks bottomed out all of the depositors’ money vanished. All across America, people “no longer trusted banks to keep their money safe.…

    • 1080 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Great Depression was an extreme time of struggle for not only the economy of America, but also the American people of every race. The Great Depression took place from 1929- 1939. One of the main reasons of what led to the Great Depression was the crash of the stock market. The crash itself propelled and drove Wall Street workers straight into a major fear and nightmare that was thought and imagined to never come. Throughout the years that came “Consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers”.…

    • 1074 Words
    • 5 Pages
    Improved Essays
  • Great 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
    Great Essays
  • Improved Essays

    However, when the stock market crashed, these margin buyers lost all of their money, and were even in debt. Then there was overproduction, which led to people not being able to afford things, and then they had to fire many people because they couldn’t sell anything, and then more people couldn’t buy anything, and it was a vicious cycle of downwards death. Roosevelt's plans to help America from the Depression were ineffective.…

    • 781 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Great Depression of 1929-1933 was the longest, deepest, and most widespread depression of the 20th century. The Great Depression started in the United States, but it rapidly spread worldwide. On October 29, 1929, “Black Tuesday” struck Wall Street, which triggered the Great Depression. Many businesses and farmers were bankrupted thus resulting in more than fifteen million people losing their jobs. In addition, over nine thousand banks failed and personnel income, tax revenues, profits and prices dropped dramatically.…

    • 791 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The stock market crash sent Wall Street into a panic and also wiped out millions of investors. This day was called “Black Thursday” in the history of the United States. The New York stock market crashed because individuals that had the stock wanted to sell them, and no one was willing to buy. During the roaring twenties, people had spent more on investment, and could no longer pay off their debts and loans, which resulted in the urge to sell their stocks. The following several years experienced a drop in investment…

    • 1748 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    It later became the most influenced and horrible economic events in US history. There was no question that The Great Depression caused destructive attach to the entire U.S, and even many foreign nations at that time. Overnight, the stock plunged, banks failed, unsold goods piled up, and people lost their job. Since then, Americans…

    • 1213 Words
    • 5 Pages
    Improved Essays