The Great Depression Of America Essay

1427 Words Mar 17th, 2015 6 Pages
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 from the wealthy class to the lower class people. Most of the people in the middle to lower classes caught most of the damage from the collapse of the market. There were many effects on the people in America, the banks, and the government. Although there was a massive outbreak of hysteria and fear, America soon was pulled out by World War II that helped us gain our feet back in the stock market and improved the economy. In the different classes, they were all affected differently. The depression affected many people. The wealthier still made it out of the depression with money (Scaliger). They didn’t have as bad of an effect as the lower class did. The upper class lost money, but they still had some from before the depression and…

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