Prof. Rittman
History 118
6 October 2015
Essay #1 The Great Depression (1929-1939) was the longest economic down fall of The United States history. America was on a economic rise all through the twenties. An average person could go into the stock market and make a fortune. Everyone believed there would be endless prosperity for all, until October 24th of 1929. That day would be known as The Stock Market Crash of 1929. The Stock Market Crash is what spiralled America into the Great Depression. Living in America during that time was rough. Fifteen million people in America were unemployed by 1933 and half of the country's banks had failed. Children were being deprived of an education because schools were being closed down due …show more content…
The Great Depression was a hard time for all Americans but was a good learning experience for the future. The years before the stock market crashed were very prosperous. The Roaring Twenties was the time of wealth and successfulness. The countries wealth doubled from 1920 to 1929. With so many Americans having money, new inventions exploded into America. People could now invest in home refrigerators, air conditioning, and dishwashers. There was also advancements in medicine so people were living longer. The twenties reached new economic heights. The United States was on top of the world until everything went downhill in October of 1929. The Stock Market Crash of 1929 is what pushed America off this mountain of economic growth. If you invest in a stock you are getting some ownership of a company. It is risky to invest in a company that can crash at any moment, but it could also be very profitable. If stocks start to go bad you are allowed to pull out at any time and receive your money. In the twenties the stocks were great. Anyone could go into the market to invest and make a profit on their investment. A lot of workers rushed to invest their life savings into stocks and try to double their money. …show more content…
The drastic change of prosperity all through the twenties to everyone becoming poor. It was a new lifestyle for the people living in The United States. Children were starved because their parents could not find jobs. Farmers had to move away from framing and find a new way to support their families. The middle-class merged together with the poor-class. The New Deals created by Franklin D. Roosevelt created jobs for the 15 million unemployed workers in America. Entering World War 2 ensured everyone a job whether it was making weapons or making uniforms for the soldiers.It was not fun during this time period but Americans learned a lot of things during the process. Through those tough times taught people to not take anything for granted. One day everyone could be rich and the next day it could all disappear. People learned to use what they had. They changed from buying things they wanted to only buying things that would help them survive. The Great depression was a bad moment in our history but from it brought many changes that are still in effect today, making it an important subject in America's