The year of the 1929 began a time period of horror in America. I t was the beginning of the depression. A time in which many lost their jobs, became homeless, and went hungry. They lived off of the nutrition of weeds, or worked fifty-five hours with only earning seventy-five cents. The destitution and poverty situations that most can not imagine was a common reality between 1929 and 1934. For this report I have researched the Stock Market Crash of 1929, the economics, employment,, entertainment, sports and leadership.
The Stock Market Crash of 1929 is said to be the most shocking financial event in the history of the United States. Not only did the stock market prices drop drastically, but the business world was brought down with it. The market losses for the month of the Stock Market crash included sixteen billion dollars. this triggered the Great Depression.
The crash occurred in October of 1929. Approximately thirty billion dollars was lost by Americans due to the stock market crash. After the stock market crash, profits declined over seventy-five percent. The automobile, steel, railroad equipment, metals, machinery, and mining companies were impacted the most due to the stock market crash. Not only did business's fail, but the American dollar was worth ninety percent less prior to October of 1929. Wholesale and retail food dropped forty percent, and farm prices dropped over sixty percent. About four million families were left unemployed.
Because of the crash, the government was forced to make new regulations regarding stock market trading. The reason for this was to attempt to prevent another stock market crash from happening in the future.
Economics during the Great Depression were very different than periods of time during the depression. The country was in an economic crisis. The nation had little money and the citizens of the county were starving and in poverty. The national income had declined by fifty percent.
The Great Depression of the 1930s was a result of many economic changes in America. ... This crash led us into The Great Depression. ... The main problem that caused The Great Depression was unemployment. ... The Great Depression has greatly impacted the American society. ... The economy has changed drastically since The Great Depression. ...
The great depression began around the 1930's and ended near the late 1930's. ... Almost 30% of the people during the great depression were unemployed. ... The Chrysler building was created during the great depression. ... Fads and fashion was coming along very strong in the great depression. ... Sports were a major fad for men during the great depression. ...
The Great Depression The Great Depression was one of the longest depressions in the history of North America left Americans shaken. ... My grandmother, a survivor from the great depression says "we had to gather food from were ever we could find it, we were starving". ... The Great Depression sent people that were ordinarily comfortable with life scurrying for reassuring shelter and it left many people badly shaken from the experience. ... People that went through the Great Depression and survived will forever remember the way that it felt to stand in line for hours for food or even to...
So the average American was living quite content, but had no savings if something was to happen like, The Great Depression. ... The collapse of the stock market did not cause "The Great Depression" like many may think, it was a total accumulation of wealth, bad business deals and the stock market . ... 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, the final chapter to "The Great Depress...
The Great Depression When Franklin D. Roosevelt took office, America was going through what was known as the Great Depression. ... Farm families are an example who suffered during the Great Depression. ... The banks were closing down due to the depression. ... The Great Depression was not the first or only depression Americans had seen, but it was the worst. ...
The Great Depression The Great Depression was the greatest economic slump to ever occur in US history. The depression began in late 1929 and lasted throughout the following decade. Several factors played key roles in bringing about the depression. ... However, though a great deal more work was being done, the average wage for a manufacturing worker increased minimally. ... Though the Great Depression has long since ended, it continues to leave an indelible imprint on our economic society. ...
Great Depression was the worst and longest economic collapse in the history of the modern industrial world. ... The depression started in the United States and spread to most of the world's industrial countries. ... During the Great Depression there were rapid falls in the production and sale of goods and a rise in unemployment. There were many factors to the cause of the Depression. ... Another one of the factors to the Great Depression was what the government had done or had not done to ensure that this would not happen. ...
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 ...
Causes of the Great Depression The Great Depression was the severe economic crisis that began in 1929, that sent the United States into a frenzy. ... It's undeniable that the Great Depression was one of the hardest trails the US has had to endure. ... The Great Depression was a trying and difficult time for America. ... Work Cited Page America's Great Depression. ... Available http://odur.let.rug.n1/~usa/H/1994/ch9_p8.htm "Great Depression" Encyclopedia.com . ...