How Did The Wall Street Crash Contribute To The Great Depression
Have you ever thought about what time was like during the Great Depression? How about the Wall Street crash of 1929? The downfall of the stock market was a part of the most extreme depression America had ever experienced. The wall street crash contributed to the great depression which lead to the crash of the economy, bank failure, and highly affected African Americans as well. In this paper I will be exploring the different effects of the stock market crash, who it affected, and how it ended.
The crash started on October 14th, 1929. In ‘29 the market was incredibly unstable and was only getting worse. Investment companies and bankers thought they could steady the market by stocking up on everything. On the 29th of October the stock market …show more content…
The ending might have been a relief, but there were some difficulties still going on. 30% of the workforce was still unemployed, the stock prices only went up, and by the time it had ended half of America’s banks had failed. Prices have gone up because now that the time of poverty was over and people were able to get back into the swing of things, people were getting money again meaning they could afford what the market was selling. Between the times when the depression started and when it ended over 600 banks failed a year. In all by the end of the era about 9,000 banks had failed. There was probably much relief when the time since the great depression ended had come, but it also came with problems. In conclusion, the stock market crash in 1929 caused major depression, bank crashes, and poverty for Americans as well as Europeans. The stock market crash was a huge reason America was sent into the great depression. The stock market crash started in 1929 and ended in 1939. It ended finally, after 10 long years, but the end still caused problems. As a result of the end of the great depression, market prices went up, but people were getting their jobs back and finding their way out of
The crash started on October 14th, 1929. In ‘29 the market was incredibly unstable and was only getting worse. Investment companies and bankers thought they could steady the market by stocking up on everything. On the 29th of October the stock market …show more content…
The ending might have been a relief, but there were some difficulties still going on. 30% of the workforce was still unemployed, the stock prices only went up, and by the time it had ended half of America’s banks had failed. Prices have gone up because now that the time of poverty was over and people were able to get back into the swing of things, people were getting money again meaning they could afford what the market was selling. Between the times when the depression started and when it ended over 600 banks failed a year. In all by the end of the era about 9,000 banks had failed. There was probably much relief when the time since the great depression ended had come, but it also came with problems. In conclusion, the stock market crash in 1929 caused major depression, bank crashes, and poverty for Americans as well as Europeans. The stock market crash was a huge reason America was sent into the great depression. The stock market crash started in 1929 and ended in 1939. It ended finally, after 10 long years, but the end still caused problems. As a result of the end of the great depression, market prices went up, but people were getting their jobs back and finding their way out of