Essay about The Great Depression Brings Economic Crisis

1472 Words Apr 19th, 2016 6 Pages
According to the article “The Great Depression Brings Economic Crisis” from the book Great Events, The Stock Market Crash of 1929 caused one of the largest economic depressions in the history of the United States causing many American families to lose nearly all of their money. When this occurred, the United States government did very little to help the citizens of the United States leaving families and the working class to fight for their survival. The Stock Market Crash of 1929 changed the lives of the United States working class as the crash caused money loss, job loss, poor living conditions, lower wages, and struggles for food across America for the working class during the 1930s.
The Stock Market Crash of 1929 caused several losses for the American working class including the loss of money and the loss of jobs all across the United States. Citizens of the working class were constantly losing money in several ways as a result of the crash such as through their bank accounts, savings, and even businesses. Even working class citizens who did not invest in the stock market were losing their money. Banks were having to pull money out of everyone’s bank accounts and even life savings to keep the banks running as well as give the people who were withdrawing from the bank their money (“The Great Depression Brings Economic Crisis”). According to Eric Schwartz in the book Super Power: Americans Today “by the end of October, more than $15 billion in stock value had been lost”…

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