The Great Depression And The Depression Essay

984 Words Nov 12th, 2015 4 Pages
The great depression set the stage for the hardest time for Americans would have to go through in its history. “In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time” (Stock Market Crash of 1929). The economy went into a complete free fall no one had money left besides some rich people everyone was almost completely bankrupt. Furthermore because of the times men felt that because they could not support their families they would just leave and wander around looking for jobs for months never returning home. “One fourth of the entire American population was unemployed. The jobless had almost no money left to spend. At the peak of the Great Depression, there were more than 13 million people unemployed.” (Turnpike 66-69). No jobs meant the economy was never going to recover because people weren’t spending money, no one was investing so new business could not start up. More than half the America was unemployed that 's insane! The charity 's lines were so long people waited hours just to have a small amount of soup, and some bread for their families. The great depression left everyone in shambles and lost.These hardships and tough times are what changed America and allowed it to learn from its mistakes in the stock market eventually.
The crash changed America in many…

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