The Great Depression
Imagine losing all of the money you've ever earned in a few years.
This may seem quite far fetched, but the Crash of 1929 made this a reality.
The crash of 1929 established the beginning of America's most memorible era; the great depression. According to the London Penny Press, following the week of Black Thursday, one could go to New York and see speculators hurling themselves from windows because they had lost everything in the crash. (The Great Crash 1929-Galbraith) Many people had everything they could ever dream of before the crash occurred
, but after the crash they found themselves poor, hungry, unemployed, and devastated.
ErmDux14: Of course during hard times people need someone or something to blame, and unfortunately the president of the United States Herbert Hoover was a very convinent candidate. Most people didn't
realize the nature of the economy. It cannot
continue to skyrocket forever, and very rarely does it just level off ; therefore the crash was......
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