The Great Depression is one of the most upheavals in the US economy. The most pessimist person in the US has never imagined that the economy would have collapsed that badly, especially during the Roaring Twenties. The average American was able to buy automobiles and invest some of his/her money in the stock market where a lot of money can be made. The catastrophic collapse of the stock market occurred on the so-called “Black Thursday” as 12.9 million shares were traded that day. Five days later, there were 16 million shares traded and so, millions of shares ended up worthless. As a result, many investors went bankrupt and banks were forced into insolvency. As many people feared of economic downturn, the overall spending was reduced, leaving
