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

  • Improved Essays

    After the Great War, the United States had an economic boom. Since people were earning more, many people began to invest their money in the stock market. Many Americans believed that the stock market would continue to grow and people invested beyond their means even though they didn’t have the money. Banks speculated using depositor funds which later turned out to be a huge problem (history channel video). On October 24, stock prices plummeted and people sold their stocks for any price they could get.…

    • 944 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Great Depression DBQ

    • 906 Words
    • 4 Pages

    Bank failure was a result of the stock market crash of 1929. When the stock market crashed, people flooded to the banks and demanded their money back. Banks then gave as much money as they could back but when they couldn’t repay any more people, they closed the bank and ignored the majority of people left. Document 1 is about the stock market crash and the effect it had on banks. Document 1 states, “Disbelief turned to panic as people stormed the banks trying to withdraw their life’s savings — often too late.”…

    • 906 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    New Deal Dbq

    • 486 Words
    • 2 Pages

    The Great Depression was a hard time for Americans. At first the country was rebuilding from WW1 and the economy was doing fine but when the stock market crashed the recession deepened forming the Great Depression. There was a major drought, so farmers couldn’t produce many crops and when they could they didn’t get much for their produce because people couldn’t pay much. During this time many people were losing their jobs, had little money, and stock and prices for basic items (water, food, paper, clothes) were higher than what could be afforded.…

    • 486 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    After the Revolutionary War the economy that had been sustained by trade with England was in shambles and within the new government that was being created Alexander Hamilton was ready to fix the failing economy. The Treasury Department is the second oldest department in the government. Hamilton was the first Secretary of the Treasury inducted under George Washington in 1789. Once in Washington’s cabinet Hamilton proposed a financial system that came under extreme opposition but would ultimately pass and return the fledgling country to prosperity. Alexander Hamilton 's contribution to monetary processes and the United States’ economics outweigh the proposal to remove Hamilton from the ten dollar bill.…

    • 1092 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    The Great Depression affected the economy which down spiralled into mayhem a cost the country a lot of money. The poverty increased continuously as more and more individuals were out of jobs. This lack of employment cause society to gain a hatred and wanted to either place blame or put their stress and anxiety onto…

    • 476 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Great Depression Dbq

    • 622 Words
    • 3 Pages

    The Great Depression, from 1929 to 1939 was the worst depression in American history. During the Stock Market Crash of 1929, people lost their jobs, owed money, banks collapsed, and most lost their life savings, homes, and businesses. This was an over whelming time for many people, and had extreme effects on the children, especially those living in the Midwestern States. The youth who resided in the Midwest suffered greatly during the depression by forced responsibility, physical ailments, and experienced distress in mental and emotional issues. Children in the Midwest during the depression had lots of responsibilities.…

    • 622 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Suicide In The 1800's

    • 1890 Words
    • 8 Pages

    Did They, Didn’t They?: A Question of Suicide in the 1800’s Evansville, Indiana has changed drastically over the past 130 years, and as the city, along with the rest of the world, changes, so do the structures of many occupations. One such occupation that has changed would be that of the coroner, which is now primarily called a medical examiner. While the office of the coroner has always been an elected position, the requirements to fulfill the position have changed radically since then, thanks to the introduction of forensic medicine. They have become more restricted and refined in the way that decisions are made.…

    • 1890 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    The Great Depression can be condensed by the words "over response", how individuals over responded through attempting to recover their cash from stocks or the bank and making turmoil these significant banks which brought on more misfortune to numerous individuals. This was a noteworthy player yet like I said everywhere throughout the world there was financial turmoil and there were numerous causes to it. " The Big Picture of the Great Depression" by John A. Garraty truly enthralls all what was going on through the Great Depression and what everybody was considering.…

    • 1156 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Failures Of Andrew Jackson

    • 1168 Words
    • 5 Pages

    What caused the Panic in 1837 was Andrew Jackson shutting down the 2nd Bank of the US, the main reason was because he had a feud with the man who ran the bank Nicholas Biddle. Consequently when Henry Clay, who was an American lawyer, politician, and skilled orator who represented Kentucky in both the United States Senate and House of Representatives, tried to renew the charter the federal government had with the 2nd Bank Jackson quickly vetoed it. Instead of putting the Federal Governments money in the 2nd Bank he took it all out and put it in his “pet” banks which were state banks. But what is not well-known is that if the charter had passed Andrew Jackson would have for sure been ousted as President and Henry Clay would have been the next President. To selfishly secure his presidency Jackson had to make this executive order that would kill the US economy in the coming years.…

    • 1168 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    (“The Great Depression”) Many buildings, like banks failed. People lost their crops from their farm of what they were living off of. Only some had few crops, and little food and water. People would risk getting ill drinking the dirty water.…

    • 1416 Words
    • 6 Pages
    Improved Essays
  • Decent Essays

    The Great Depression made life hard for people living in the United States. It affected all ages of people who lived in the 1930s. Many adults needed to find jobs in order to keep their homes. Some children’s education was effected. The Great Depression had a few good effects on how people lived by.…

    • 103 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The Great Depression Dbq

    • 1331 Words
    • 6 Pages

    The Great Depression affected every American. The unregulated bank is one of the long…

    • 1331 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The banking system seemed to be on the verge of collapse. This act was to prevent panic withdrawals of funds from banks by the public. This act was also called for the banks to close, be evaluated by the government, and to…

    • 706 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    The 1920s in America was known as “The Roaring Twenties” due to the seemingly prosperous economy. Employment rates were high and the manufacturing of consumer goods such as cars and electrical appliances rushed out of factories. However underneath the surface, many factors took place that weakened the structure of the economy and led to the New York Stock Exchange crashing on October 29, 1929. This signaled the beginning of The Great Depression; a time period in which a severe economic recession occurred. Many people lost their jobs and all the money they had; as a result, poverty was a common factor.…

    • 1662 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    On one of the most devastating days in economic history, the stock market crashed with the value of the dollar being useless. Many families were left without any warning, losing any of their savings placed in stocks. People started to worry, rushing to the banks to withdraw quickly, whatever money they had left to make sure they didn't lose anything else. Banks were closing faster than people could get to them, leaving people with nothing. The people who did grasp their money spent less on items that they needed because prices skyrocketed, which in return got people getting laid off from their jobs, worsening the economy and losing even more money.…

    • 1180 Words
    • 5 Pages
    Improved Essays