In 1929, James San Jule's father was a successful businessman in Tulsa, Oklahoma. San Jule graduated from Tulsa Central High School and had been accepted at Amherst College in Massachusetts and planned to go on to Harvard Law School after that. Because he was quite young, his father wanted him to wait a year and arranged for him to work as an office boy in the Exchange National Bank at Tulsa. "I didn't think much of money in those days. It was just something we had," said San Jule. "My father was probably a millionaire. We owned fancy cars, a fancy house, fancy everything. I led the ordinary life of a wealthy kid, nothing spectacular." He was working in the bank in October 1929, when the debacle began.
"Of course, you didn't believe it. 'This is something that happens,' you thought. 'It will pass.' ".
The Crash of 1929 wiped out San Jule's father financially and physically. "It was a horrible, horrible period, about which I understood little. What's a kid to do? You have no worries about anything. You're going to Amherst and Harvard. All of sudden your life is blasted out of existence. It felt like being de-princed.".
In the winter of 1930, San Jule ran away from home - not quite sure where he was going or even why he was leaving. It just seemed the thing to do. Between 1929 and 1941, 4,000,000 Americans desperate for food and lodging roamed the land. Of this number, 250,000 were teenagers who rode the rails and grew up fast in speeding boxcars, living in hobo jungles, begging on the streets and running from the police and club-wielding railroad guards.
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I chose this document because it really showed how the Great Depression changed people's lives. It was crazy to read how the San Jule family had it all, an extremely wealthy family would become poor within months. When you find out that James was going to Harvard then the depression hit and his goals were shattered, you can't help but feel really bad for him.
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This paper is an effort to explain how the great depression affected the American culture, to include what the problems were in the economy and what led to the biggest economic downfall in United States history. ... So the average American was living quite content, but had no savings if something was to happen like, The Great Depression. ... The Great Depression was a worldwide phenomena, more than 1300 banks closed in 1930 and 3700 more within the next two years. ... At this time The Great Depression had psychological effects and health effects on our nation. ... In 1939,...
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The Great Depression had the highest, worst and longest period of high unemployment ever recorded to date. ... (The Great Depression, Pg. 3) The core of the Great Depression can be traced back to the New York Stock Exchange, and the year 1929. ... (The Great Depression, Pg. 8) Another major cause of the depression was over-production. ... He brought about a lot of new ideas on how to prevent a depression from occurring again. ... So the human misery caused by the Depression really started in the mid-1930s.The Great Depression was a time of economic collapse. ...
The Great Depression On Thursday October 24, 1929 at 10:00am the stock market bell went off at the New York Stock Exchange, stocks were plummeting down. ... The Great Depression did not just happen there were many factors that contributed to the depression like the United States international credit system, economic dependency, and international trade policies. ... The great depression is a very important chapter in our history. Through the great depression we learned many great lessons and as a country we came to realize how fragile what may ...
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Given the importance of the Great Depression, economists do not completely agree on what caused it. Many countries, including Canada, were caught in the great depression. ... The Great Depression was surely depressing moment in a slew of people's everyday lives. ... There are some fantastic facts about the great depression. ... Ironically though, the Hoover dam was built during the great depression creating tons of jobs. ...
The Great Depression of the 1930s was the economic event of the 20th century. ... This essay aims to explore the historical factors, how the depression was initiated, central bank policies and political decision making. ... Another unusual aspect of the Great Depression was deflation. ... Two basic hypotheses are widely supported on how the depression was initiated; the spending (Keynesian) hypotheses and the money (Monetarist) hypotheses. ... For it is held that the Great Depression was merely a limited depression converted into a major down swing in income and prices by the collapse of the b...
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The Great Depression started in late of October 1929 and in some countries didn't end until World War II. ... With the Great Depression being at its highest impact, many knew what type of life was ahead of them. ... He goes on to tell about himself and Charlie and how they had left their hometown with the intent of finding employment within the poor economy, which the Great Depression had left them to conquer. ... The homeless during the Great Depression were fighting for survival, unlike today's society. The homeless from the Great Depression was not by choice. ...