Begging for food, financially unstable, mentally falling apart, and overall just fighting to live every day were all due to the Great Depression from 1929-39. Herbert Hoover was president during a business thriving time and less than eight months into his presidency, the depression began (Hoover believed the crash was part of a passing recession.) These years were the longest-lasting economic downturn in the history of the Western industrialized world. Manufacturing/production, business profits and investments in the stock market all grew and increased at this time period until the stock market crash began which started the travesty. After the stock market crash of October 1929, panic and confusion filled the minds of many in Wall Street. The Great Depression was more steep in the United
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One cannot just let this problem “consume” (pun sorry) their emotions and take over their life. So as a reaction, some effects were in place. Creditors demanded their loans be repaid because of the decrease of money in their pockets. Men grew angry over the sense nobility, when one puts in a great sum and gets nothing bad, the people will react in an aggressive/forward way. Justified that they want the money back as soon as possible because the more time without money, more problems will be faced. In turn, most investors could not sell stocks anymore. The reputation drastically alters, now seen as these barren/negative sheets which lead to your demise (wealth). In time where stocks fail, an exponential decrease of ‘the need’ for them vanishes. Although Americans need for stocks disappeared, most people started to sell belongings in order to be more financially stable. Individuals had to sell everything they owned, give up certain benefits, cut down on certain foods and drinks, an overall turn for the worst. Nonetheless, it was a turn for the worst, people had to do something about
One cannot just let this problem “consume” (pun sorry) their emotions and take over their life. So as a reaction, some effects were in place. Creditors demanded their loans be repaid because of the decrease of money in their pockets. Men grew angry over the sense nobility, when one puts in a great sum and gets nothing bad, the people will react in an aggressive/forward way. Justified that they want the money back as soon as possible because the more time without money, more problems will be faced. In turn, most investors could not sell stocks anymore. The reputation drastically alters, now seen as these barren/negative sheets which lead to your demise (wealth). In time where stocks fail, an exponential decrease of ‘the need’ for them vanishes. Although Americans need for stocks disappeared, most people started to sell belongings in order to be more financially stable. Individuals had to sell everything they owned, give up certain benefits, cut down on certain foods and drinks, an overall turn for the worst. Nonetheless, it was a turn for the worst, people had to do something about