The Great Depression and the Effects
The Great Depression was the bane of America when the stock market crashed in 1929. It had many effects on everyone including the wealthiest people. Such as people lost money, most people were poor not all, people did not have jobs. It had many effects on certain people thousands starved and committed suicide. People lived on the streets not having homes. It lasted for about 10 years with economic hardships. People had trouble buying food and had to sell precious items just to get a couple of cents. As you see the Great Depression was the bane of America for many people.
People were so poor that having a dime is a ton compared to people in the Great Depression who could not even afford food. So this paragraph is about people who are poor in the Great Depression. Going to the movies or going to the play is for those who had dimes. Not too many though were lucky enough to be working had much change to spend after paying rent and buying food. Even former millionaires some billionaires too stood on street corners trying really hard to sell apples at 5 cents …show more content…
On Oct. 24, 1929, the complete collapse of the stock market began; about 13 million shares of stock were sold. That means 13 million people lost their money. The value of most shares fell sharply, leaving financial ruin and panic in its wake. Tuesday, October 29—known ever since as Black Tuesday—extended the damage; more than 16 million shares were sold. Hourly wages had dropped by about 50 percent. So that means if you were earning 10 cents an hour you would now be earning 5 cents an hour. 30 billion American dollars had been lost by in just about a year or 2! That means 30 billion Americans were poor. So bragging to someone that you have $20 you should probably think before you say
The Great Depression was the bane of America when the stock market crashed in 1929. It had many effects on everyone including the wealthiest people. Such as people lost money, most people were poor not all, people did not have jobs. It had many effects on certain people thousands starved and committed suicide. People lived on the streets not having homes. It lasted for about 10 years with economic hardships. People had trouble buying food and had to sell precious items just to get a couple of cents. As you see the Great Depression was the bane of America for many people.
People were so poor that having a dime is a ton compared to people in the Great Depression who could not even afford food. So this paragraph is about people who are poor in the Great Depression. Going to the movies or going to the play is for those who had dimes. Not too many though were lucky enough to be working had much change to spend after paying rent and buying food. Even former millionaires some billionaires too stood on street corners trying really hard to sell apples at 5 cents …show more content…
On Oct. 24, 1929, the complete collapse of the stock market began; about 13 million shares of stock were sold. That means 13 million people lost their money. The value of most shares fell sharply, leaving financial ruin and panic in its wake. Tuesday, October 29—known ever since as Black Tuesday—extended the damage; more than 16 million shares were sold. Hourly wages had dropped by about 50 percent. So that means if you were earning 10 cents an hour you would now be earning 5 cents an hour. 30 billion American dollars had been lost by in just about a year or 2! That means 30 billion Americans were poor. So bragging to someone that you have $20 you should probably think before you say