The Great Depression Was A Big Crash Essay

1086 Words Jun 2nd, 2016 null Page
The great depression was a big crash in the stock market. The great depression was from 1929-1939 it was was the biggest and longest economic downfall of all time. The great depression started right before a crash of in the stock market. Many people got laid off from jobs the banks started to go back rupt and from there it was just a domino effect peoples started losing their home because mortgage or rents wasn 't being paid and people were losing jobs and was hardly living. In fact 7 million people died of starvation that being said it shows what kind of life people lived. The world they lived in was a mess and it wasn 't because of them that these things happen it was because the government and other factors that dealt with our money was picking it up that we were going to fall and become deep into debt and have this tragedy.
President Herbert Hoover says, "Any lack of confidence in the economic future or the basic strength of business in the United States is foolish." President Hoover didn 't I 've the people that push or help them with the needs they were lacking which cause many people to become homeless sell apples for 5 cents road and streets were crowded. By 1933, nearly half of America 's banks had failed, and unemployment was approaching 15 million people or 30 percent of the workforce. (Friedman) many people were let down many people did have a lot many people were homeless and didn 't have a job due to many downfalls in the economy. By 1933, nearly half of…

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