The Great Depression
The Great Depression is what came after the Roaring 20s. Every party has to come to an end the 20s is one of those party, it just last for almost ten years.
The Black Tuesday, 29 October 1929, marked the beginning of the Great Depression as the stock prices dropped down the hill. People selling out stocks in hope to get some money back, make the Stock Market go into further crisis.
The Black Tuesday, 29 October 1929, marked the beginning of the Great Depression as the stock prices dropped down the hill. People selling out stocks in hope to get some money back, make the Stock Market go into further crisis.
The Great Depression was caused (mostly) by people who invested in the Stock Market during the 1920s but it affected everybody in the US. Like a chain reaction,
people, afraid of losing their money, withdrew everything from the banks causing what is later called a 'Bank Run'. Lots of banks closed down because they ran out of their money supplies, all because they lent money out to those investing in stock.
After the Great Depression hit, a lot of people lost there housing because they couldn't afford the rent anymore. Some people chose to live in their cars, which they were luckily to paid for it before the Great Depression hit, but that's it. Life during the Great Depression is pretty depressing living up to its name.
Presidents tried to fix the Great Depression. First, it was Herbert Hoover then Franklin Roosevelt. President Hoover's way of fixing the Great Depression didn't quite work out. The election of 1932 is when President Roosevelt came in. His 'New Deals' worked out and help Americans recover but the Great Depression is still there until World War II started... Ironic right? That World War II helped America out of the Great Depression.
Cite:
"The Great Depression." History.com. A&E Television Networks, n.d. Web. 11 Feb. 2015. <http://www.history.com/topics/great-depression>.
Appleby, Joyce. The American Vision Modern Times. Columbus: Glencoe/McGraw-Hill, 2008. Print.
"The Great Depression." History.com. A&E Television Networks, n.d. Web. 11 Feb. 2015. <http://www.history.com/topics/great-depression>.
Appleby, Joyce. The American Vision Modern Times. Columbus: Glencoe/McGraw-Hill, 2008. Print.