The Great Depression was inevitable because of the Government’s inexperience with the affair of the stock markets. Citizens could invest into companies by buying shares. A share is ownership of that company that would have a monetary value. If the share value went up then the stock owner would receive profit, and if the stock value went down the owner would lose their beginning investment. Another big problem with stock was Insider Trading. Two or more “insiders” would exaggerate the value of the stock making it seem more than it really was. They would then sell it to the public which means citizens were buying stock that didn’t have any initial value. In addition to Insider Traders, there were people buying on Margin. People would borrow
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Many families lost their homes because of the Great depression. Just in the year of 1932, about 273,000 people were evicted from their homes. Another example would be the great flood that caused damage in Pennsylvania and surrounding states. The flood caused many families to evacuate their homes. Also the Dust Bowl was happening in the Southwestern states. All of these tragedies happening made people migrate across the country looking for work and new opportunities, which caused mass migration. The Great Depression made it hard on families, especially if you had a family with children. For example, a boy from Illinois sent a letter to the president talking about his home life, like how his father was always crying everyday, and how his older brother hasn’t gone to work in two weeks because they can’t afford anything. That family hadn’t paid rent for four months and they are afraid to open the door to anyone just incase it’s their landlord. Marriages were delayed because men thought they couldn’t get married if the couldn’t provide for his wife. Some men even left their wives at home one day and never came back; didn’t even leave a note or anything. Kids were dropping out of school because they knew they couldn’t go higher than high school education because college was so expensive. So the …show more content…
The Government should always support it no matter what. At the beginning of the Great Depression the Government didn’t really intervene. Maybe it was because Herbert Hoover was in office or maybe it was because they had no idea what to do. Slowly they started to see the effect that the Great Depression was causing to America and decided to step in. Hoover did try to improve America but he didn’t try as hard Roosevelt. America started to get restored slowly but surely. Each year had some loss, but also some gain. The Government should reassure the citizens that everything is under control, you don’t want people to panic because that would just be more stress and that is not needed. For example on Black Tuesday nobody knew what was going on and they went into a frenzy. The Government could have said it’s just a little loss, it’ll only be temporarily. At least that could have given them some hope to hang on
Many families lost their homes because of the Great depression. Just in the year of 1932, about 273,000 people were evicted from their homes. Another example would be the great flood that caused damage in Pennsylvania and surrounding states. The flood caused many families to evacuate their homes. Also the Dust Bowl was happening in the Southwestern states. All of these tragedies happening made people migrate across the country looking for work and new opportunities, which caused mass migration. The Great Depression made it hard on families, especially if you had a family with children. For example, a boy from Illinois sent a letter to the president talking about his home life, like how his father was always crying everyday, and how his older brother hasn’t gone to work in two weeks because they can’t afford anything. That family hadn’t paid rent for four months and they are afraid to open the door to anyone just incase it’s their landlord. Marriages were delayed because men thought they couldn’t get married if the couldn’t provide for his wife. Some men even left their wives at home one day and never came back; didn’t even leave a note or anything. Kids were dropping out of school because they knew they couldn’t go higher than high school education because college was so expensive. So the …show more content…
The Government should always support it no matter what. At the beginning of the Great Depression the Government didn’t really intervene. Maybe it was because Herbert Hoover was in office or maybe it was because they had no idea what to do. Slowly they started to see the effect that the Great Depression was causing to America and decided to step in. Hoover did try to improve America but he didn’t try as hard Roosevelt. America started to get restored slowly but surely. Each year had some loss, but also some gain. The Government should reassure the citizens that everything is under control, you don’t want people to panic because that would just be more stress and that is not needed. For example on Black Tuesday nobody knew what was going on and they went into a frenzy. The Government could have said it’s just a little loss, it’ll only be temporarily. At least that could have given them some hope to hang on