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Black Tuesday

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Black Tuesday
The Great Depression was a miserable time period in American history. Emerging victorious out of World War I, American citizens enjoyed an exciting, carefree life during the prosperous Roaring Twenties. The economy was at its all-time high. In this glorious time, the American economy was booming. Since feelings of worry and doubt had largely faded, American citizens found themselves purchasing the finest things in life. Unfortunately, this all came to end when the stock market crashed on October 29th, 1929 (also referred as Black Tuesday). The stock market was at its all-time low, costing investors millions of dollars, contributing to failing banks and industry bankruptcies. This was the beginning the worst economic crisis in United States …show more content…
In the early 1930s, many crops were damaged by severe drought. Overgrazing destroyed large areas of grassland. Dry land farming further parched the soil. Eventually, the lands began to bare. This was caused by large, violent sandstorms. These dust storms were so powerful that skies darkened for days, billowing over farmlands and houses. This was known as the Dust Bowl, heavily affecting the southwestern Great Plains region of the nation. The entire center region of America was quite literally, due to the sand, blowing away. In addition, this disaster eventually spread all over the nation. Agriculture was destroyed by the mounding sands. In addition, pests invaded farmers plantations. This was due to the flawed single-crop method of farming. Also known a monoculture, which is the practice of producing or growing a single crop. Pests, most noticeably grasshoppers, flocked to these farms, consuming vast quantities of practically anything and everything that they grew. Entire farmlands would be wiped out due to the bugs. Making a living in these conditions were practically impossible. Farmers provide us with food; without food, other than the obvious inevitable famine, there would also be no products to sell, ultimately contributing to the already destroyed …show more content…
It greatly affected other countries around the globe. The blame is equally shared by the public, government, Mother Nature, and farmers. The public’s poor spending habits during the 1920s lead to the eventual stock market crash, in which they were unable to withdraw their money from banks, becoming poor and jobless. The government tried to interfere but only made matters worse, increasing discount rates which made it harder for businesses to hold up and for regular citizens to pay off their mounding loans. Mother Nature devastated farmlands with deadly dust storms that covered not only land made for farming, but also places where people and families lived in. Farmers failed to act soon as pest ate away at their crops, further furnishing famine and the miserable lives millions of Americans lived through during the Great

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