Stock Market Failure

Based on the graph in Document 1, in 1928 the stock market reached its highest point. However, the glory didn’t last long. The stock market had a small crash in 1929 were prices began to drop. In October 24, 1929 ( Black Tuesday) was called “the beginning of the end”. In October 29, 1929 the stock market crashed and Investments lost billion of dollars.

During the 1929 - 1939 many people were in debt and a lot of jobs were lost. The Great Depression was bad it affected the whole world, the hoover dam was created and the welfare system was also a result of the Depression. The Great depression had alot of effects on people and the world. The trading routes with other countries to America stopped.

“ Determining the direct and indirect costs associated with this period of droughts is a difficult task because of the broad impacts of drought, the event’s close association with the Great Depression, the fast revival of the economy with the start of World War II, and the lack of adequate economic models for evaluating losses at that time. “ http://drought.unl.edu/DroughtBasics/DustBowl/EconomicsoftheDustBowl.aspx “ Then the drought began. It would last eight straight years. Dust storms, at first considered freaks of nature, became commonplace. Static charges in the air shorted-out automobiles on the road; men avoided shaking hands for fear of shocks that could knock a person to the ground.

Luckily Franklin D. Roosevelt attempted to shine some light with a new deal. The Dust Bowl was what they called the Great Depression in the drought stricken areas. The condition of the areas around Oklahoma and Texas made living dangerous and futile. “When drought struck

During the Great Depression a Midwestern phenomenon called the Dust Bowl affected many lives of newly settled Americans throughout the Great Plains region. Otherwise known as the “Dirty Thirties”, a storm of dry weather caused farmers and villagers to abandon their homes in hope to survive the deadly threat of the storm. The Dust Bowl was a big contributing factor to the Great Depression agriculturally, and economically. During the 1930’s America suffered extreme temperatures. A drought forming across all farm lands due to failure of successful crop rotation cause dust to form.

The 1930s was a defining decade in America's history it was a test of the nation's strength and resulted in many changes, both good and bad. One of the many challenges America faced was the disastrous dust storms in the southern Great Plains. In the years before the dust storms began, farmers cleared the land of the grass in order to plant wheat when the drought came the wheat failed, resulting the Dust Bowl ("Dust Bowl 1931-1939" 3). These storms caused the greatest migration in U.S. history, with about 2.5 million farmers and their families leaving the plains ("Dust Bowl 1931-1939" 3). The Dust Bowl was an enormous struggle that resulted in many economic and agricultural problems that were going to be extremely strenuous to fix.

The Stock market Crash was one of the causes of the Great Depression. One cause of the Stock Market Crash was the stock exchange. This led thousands of Americans to invest in stocks and lose money. Many Americans borrowed money from the bank to buy stocks. Most of the time, people who lost money were unable to pay the banks back their debt; which caused banks to fail.

In Addition to maldistribution stood the credit structure of the economy, some farmers were in deep land mortgage debt, so they lowered their crop prices in order to regain credit, and because the farmers were no longer accountable for what they owed banks. Across the nation the banking system found themselves in constant trouble. In America both small and large bankers were concerned for their survival, so they began investing recklessly in stock markets and granting unwise loans. These unconscious decisions would lead a large consequence, such as families losing their life savings and their deposits became uninsured. “ More than 9,000 American banks either went bankrupt or closed their doors to avoid bankruptcy between 1930 and 1933.”Although

Laura Marie Yapelli Professor Rung Final Paper 12/8/2016 Baseball in The Great Depression On October 29th, 1929 the stock market crashed and sent the United States into a severe economic disaster marking the start of the Great Depression. The effects of the crash were extreme and affected the living and working conditions of Americans across the Country. People and families were not the only ones affected by the Great Depression. Many companies and organizations were feeling the effects as well.

In 1929, the United States stock prices dropped drastically, leaving farmers without farms, banks out of business, and businesses bankrupt. This was the start of the Great Depression. The Great Depression affected the whole country, leaving many unemployed and impoverished. The Depression lasted for a whole decade. In 1932, Franklin D. Roosevelt was elected President of the United States.

The Great Depression was a horrible time for farmers and people, because prices went up for food farmers started to lose their farms. People started to live on the streets with no food because jobs were very scarce so no one could get a job. Stores were closing because they had less customers and no one had any money,so more the one hundred people got laid off their jobs because of that reason people ended up homeless on the streets with no food . “The Fed began raising the fed funds rate in the spring of 1928. It kept increasing it through a recession that began August 1929.Tom)

With the Stock Market Crash of 1929, Canada fell into a great depression. Economic instability led to a political change in government as Prime Minister R.B. Bennett was elected to provide aid for the people. He created relief camps for the single, homeless, and unemployed men living in cities. These camps had a tremendous effect on Canadian society as they made people realize the significance of public assistance. Prior to the 1930’s, there was little government interference in the economy.

If you got lucky and did not get fired the wages fell and the buying power increased. The americans that were forced to buy on credit fell into debt,and the numbers of repossessions and foreclosures increased steadily. The gold standard fixed currency exchanged around the world, and helped spread economic distress from the U.S. through the world.7When the country elected Franklin D. Roosevelt he promised he would create federal government programs to end the Great Depression.8 The federal government programs allowed people to get more jobs and help the economy increase. Roosevelt was a big influence during this time period and impacted many people, giving jobs to citizens and boosting the economy. After Franklin Roosevelt created the federal government programs it allowed the economy and society to grow and strength from the unlucky situation.

The Great Depression was not only one of the defining moments in American history, but also one of the most difficult hardships Americans faced. During the Great Depression, which was ignited by the stock market crash of 1929, people faced unemployment, poverty, and changes in government the ultimately shaped America today. Many people believe that The Great Depression began when the stock market crashed on October 29, 1929 (“The Great Depression,” American Express). In the mid to late 1920’s the stock market grew majorly, the stock prices skyrocketed gaining interest from all kinds of people.

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,