How Did The United States Deal Lead Up To The Great Depression

Never had the flaws of capitalism been so evident or as devastating as during the decade that followed the outbreak of the Great Depression in 1929. All across the Euro-American heartland of capitalist world, this vaunted economy system seemed to unravel. For the rich it meant contracting stock prices that wiped out paper fortunes almost overnight. On that day that the American stock market initially crashed (October 24, 1929), eleven Wall Street finances committed suicide, some by jumping out of skyscrapers. Banks closed and many more people lost their life savings. Investment dried up, world trade dropped by 62 percent within a few years and businesses contracted when they were unable to sell their products. For ordinary people, the worst feature of the great depression was the loss of work. Unemployment soared everywhere and in both Germany and the United States it reached 30 percent or more by 1932.
February 6th was the date of this event. The reason why there was an attempt was because the citizens were getting impatient and they felt that the government were ineffective in dealing with the serious economical issues due to the Great Depression. It reach a critical point to where both right winged and left winged parties were upset and calling for action from the government. We have to understand that during that time period people were losing their jobs. The way of life was changed dramatically to a point where majority of the people couldn't adapt. “Thousands of people assembled on the Place de la Concorde and appeared to organize an assault on the Chambers of Deputies. When the police used arms against the crowd, twenty-one people were killed and more than a thousand were injured.” (Digital History Reader) Even though there were bloodshed spilled that day success soon followed because this led to the resignation of Prime Minister Daladier and lead to a change in