Critical Perspectives On The Great Depression By Paul Kupperberg

THE GREAT DEPRESSION 1929 was the start of the deepest and darkest time for the United States Stock Market and the people of the United States. The Market crash, the loss of American jobs and homes, lead to one of the hardest downfalls in American history. Along with billions of dollars lost due to bad stock trading, over extending on personal credit and the spending of money that had yet to be produced. The American people never stood a chance and in a matter of 10 days the lives of almost everyone changed. In 1928 Herbert Hoover was elected as president.

In the 1930's, Americans had a very tough time. They called this the Great Depression. It all started on October 29, 1929 when the stock market crashed. This day is also known as Black Tuesday. Black Tuesday hit Wall Street as investors got loans from the bank that they knew they couldn't pay back.

They were very upset that the bank lost all their money so the people lost trust in the bank. The stock market crash of 1929 was what started the Great depression. Things just got worse and worse since then. With people losing their money companies lost their money along with it. Companies could not afford to keep and pay all their workers.

Bank deposits were not safe to be used because the banks failed people and thus people simply lost their savings. Banks that were still there were unsure of the economic situation and they were only concerned for their own survival and this caused them to stop giving more loans causing a decrease of the people using them. How the situation was resolved? There was a new deal that had been presented.

On October 29, 1929, the stock market crashed. That day has since been infamously nicknamed “Black Tuesday” and it is now recognized as having marked the beginning of the Great Depression. During the time that followed this unfortunate event, much in the economy began to fall apart. The Great Depression brought worldwide calamity. Businesses and banks failed, unemployment rates rose to excruciating levels, and confidence, along with drive, took a nosedive amongst the general population.

In addition, the New Deal also created works programs like the WPA which, “Created jobs for millions of unemployed people constructing roads, hospitals, parks, and many other projects”(Kantor’s Website). These works programs provided men with jobs so they could receive paychecks to feed their families. Even though the salary was at an all time low, anything helped, and the parents were just glad to be able to provide hot lunches for their kids. The New Deal policies allowed families to get back on their feet and relieve some of their

Christian Stagliola Mod: F. History 1/12/23 5.4 Essay Rough Draft The Great Depression of the 1930s was a significant economic and social crisis that greatly affected the American people and the government. Millions of Americans lost their jobs and savings and were forced to rely on charity or government aid to survive.

Even though the stock market began to regain some of its losses, by the end of 1930, it just was not enough and America led into the Great Depression. Another cause was Bank Failures many Bank deposits were uninsured and thus as banks failed people simply lost their savings. Reduction in Purchasing Across the Board was another cause. With the stock market crash and the fears of further economic woes, individuals from all classes stopped purchasing

This put 300,000 young unemployed men to work by giving them jobs such as planting trees, developing parks and roads, and helping in many other public projects. It gave the unemployed American citizens an opportunity to survive in such a horrific time in American history. The New Deal was a promising policy that allowed the people to rely on Roosevelt. Although this did not take America out the Great Depression, but it allowed a promising

The New Deal established the economic burden and welfare of American citizens on the Federal Government. This in turn created the first social security in America. He created new jobs as well, and in doing so, created new federal activism jobs so that people could no longer be unemployed

An incredibly devastating time for many Americans, the early 1930s introduced the country to the nightmare that was the Great Depression. Sparked by the Stock Market Crash that took place on Monday, October 19, 1929, the Great Depression was the most severe economic downturn in American history. On that infamous Monday alone, investors lost 14 billion dollars and by the end of the year their losses had tripled.   In the 1920s, it was estimated that four to five banks opened up around the country on a daily basis.

Banks collapse. The beginning of the Great Depression had started. President Franklin D. Roosevelt had started the New Deal. The New Deal gave many jobless citizens jobs. U.S gave jobs like planting trees, building dams and fighting forest fires to young single men ages 18-25 (Source E, F).

The Great Depression was the worst economic downturn in the history of the world. It began in the United States when the stock market crashed in October 1929. Everybody was sent into a panic and millions of investors were wiped out. Unemployment levels began to rise after consumer spending and investment dropped, while stock prices continued to increase. Companies started to lay off their workers, and soon nearly thirteen to fifteen million people in America were without jobs.

The New Deal also opened soup kitchens were the unemployed could go to get a free meal. The New Deal also managed banks so the banks couldn’t spend money that they didn’t even have, and it also helped end the depression and helps prevent new ones from happening in the

The economy of the United States expanded greatly through the 1920 's reaching its climax in August 1929. By this point, production had already declined and unemployment was at an all-time high, leaving stocks to imitate their real value. During the stock market crash of 1929, better known as Black Tuesday, investors traded vast numbers of shares in a single day, causing billions of dollars to be lost and millions of investors to be eliminated. This "crash" signaled the beginning of a decade long Great Depression that would affect all Western industrialized nations; a crash that would later become known as one of the darkest, longest lasting, economic downturns in American history. People all around the world suffered greatly as personal income,