The Great Depression Was A Period Of Time Lasting Essay

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The Great Depression was a period of time lasting from 1929 to 1939 (a ten year span). The event that started it all was the stock market crash in October of 1929. 12.9 million shares were traded on October 12, 1929. The day became known as “Black Thursday.” Five days later 16 million shares were traded, making that day known as “Black Tuesday.” By March of 1930, 3.2 million Americans were unemployed and most had already lost their lifesavings, homes, and their hope. Riots began to break out by February of 1931 when seven hundred individuals started smashing windows and stealing food from a local Minneapolis market. Another riot happened in March of 1932 when three thousand unemployed workers marched onto the Ford Motor Company in Michigan. Police attacked the workers and killed four, while many more were injured. Farmers began dumping out milk cartons, saying: “If we don’t get paid for our produce, no one can have it.” Children often went to school unhappy and unfeed. In May of 1934 a dust storm, lasting for three days, blew about 350 million tons of soil around the West and Southwest part of America. Americans wondered when their bad luck would finally end. Author and historian Murray Newton Rothbard wrote his book: America’s Great Depression in 1963 after Mr. Leonard E. Read, the President of the Foundation for Economic Education, asked him to write a brief paper on the subject of The Great Depression. The following statements are pulled from the introduction of…

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