The Great Depression And The Stock Market Crash

2713 Words 11 Pages
Starting in the late 1929’s and lasting till about the outbreak of World War II in 1929. The Great Depression and the Stock Market Crash were the worst world wide crisis’ of the modern industrial era. The crash of the stocks was the most famous financial collapse. For eighty years now assumptions and analysis have been made about what went so horribly wrong. It took people awhile to figure it out because it’s not about who did what; it was a chain reaction by the faults of many people. People sought out early warnings and predicted this was going to happen. They weren 't listened to; and because of that people suffered from starvation and homelessness and other dreadful things! The Great Depression was a terrible time that eventually reached …show more content…
October 29, 1929, was a day of fear. When the stock market had crashed many people got dozens upon dozens of calls from their friends saying that they needed to borrow money because the stock market had crashed. Many people that were asked to borrow money from said no because if they’re broke now they 're going to be worse off in a couple days anyways. They saw no point to it.The stock sales were so intense that day that the ticker machine for the stocks was running a hundred minutes behind the actual sale. After people had heard that the stocks crashed they went straight to the banks to take out their life savings. After so many people did this, there wasn 't any more money left in the bank so many people killed themselves, starved, and some even sold their cars and household items. The stocks didn 't get everyone but the bigger picture behind it was that it showed many people the real american society. The crash of the stock market did not affect everyone, because not everyone had the extra money to invest into the stocks. When the banks started to cut costs and declare bankruptcy that 's when the rise of unemployment rose and startled everyone (Nishi). Many Americans got laid off and many lived on the streets and couldn 't take care of their families. The impacts and consequences lead right up into what was called the Great …show more content…
They say “oh it’s not that bad”, “I 've been through things like that before”. No it was that bad it was dreadful and no one saw this coming. Families were poor they had absolutely nothing. The biggest crisis during the Great Depression was the unemployment level. If people weren 't making money they couldn 't buy food or clothes or general things they needed to keep clean or sleep with. They suffered a ton in the hot and dusty climates and were dirty from head to toe. Although Discrimination got a little better people would still not allow them to sleep in their tenants or they would rack up the price of them so they couldn 't afford them. They weren 't discriminated on as much as they were. Children didn 't get what was going on. Why they had to move away and lose everything they had. It was a hard concept for many kids. They hated to see their parents on the corners of the road trying to get jobs, and it 's not like they could do anything to help so they were just stuck in the middle. The worst thing was that the women of the house couldn 't do anything either because back then women didn 't work they sat home and took care of the children. They felt awful because they couldn 't do anything to help either. There was nothing they could do. Many men had gotten fired because there was no money to give in many situations. Many men went on to find jobs and they could not there was no job openings and they would

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