The stock market worth at that time, 87 billion in value, collapsed. (PowerPoint) The next 10 years would be one of the lowest points in American history and one that will always be known as the Great Depression. The American markets value fell to 15 billion in just a few days. One out of every four men became jobless. Banks and businesses closed. Bitterness, sadness, hatred and poverty soon followed. Once the market showed signs of collapse, panic set in and millions of people rushed to their banks in an attempt to get their money out. Many never got their money as vaults were emptied. The collapse of the banking industry left little for investments, loans and assistance of any kind for millions of desperate Americans. The progress and momentum seen during this Industrialization revolution came to a virtual standstill and factories and business went bankrupt. Many poor citizens blamed President Herbert Hoover for his hands off approach to the Depression. There are many chapters in American history, and during the late 1800’s through the early 1900’s. All the good can easily be overshadowed by all of the many chaotic times driven by its people through racism, hatred, greed, bitterness, poverty and
The stock market worth at that time, 87 billion in value, collapsed. (PowerPoint) The next 10 years would be one of the lowest points in American history and one that will always be known as the Great Depression. The American markets value fell to 15 billion in just a few days. One out of every four men became jobless. Banks and businesses closed. Bitterness, sadness, hatred and poverty soon followed. Once the market showed signs of collapse, panic set in and millions of people rushed to their banks in an attempt to get their money out. Many never got their money as vaults were emptied. The collapse of the banking industry left little for investments, loans and assistance of any kind for millions of desperate Americans. The progress and momentum seen during this Industrialization revolution came to a virtual standstill and factories and business went bankrupt. Many poor citizens blamed President Herbert Hoover for his hands off approach to the Depression. There are many chapters in American history, and during the late 1800’s through the early 1900’s. All the good can easily be overshadowed by all of the many chaotic times driven by its people through racism, hatred, greed, bitterness, poverty and