The Great Depression
Our country has emerged from what seemed a small rebellious idea, to a glorious nation that stands as an idol with an envied concept of freedom and even lifestyles. It stands as one of the top five nations in the whole world, and what a wonderful homeland it is. But, the fight to achieve that status was extremely perplexing and was not given, but instead fought for. One of the many challenges was the “great depression” of the 1930’s that brought Americans to their knees. This harsh event swept over the nation with such a devastating and dark cloud that struck great fear and hopelessness into millions of citizen’s hearts, an event that will be remembered for many generations. The exact cause that began the entirety of the event is still argued even today, but it’s easy to see traces of many events leading and contributing to the great downfall. Among many of the events are: Farm failures, bank failures, stock market crash, poor government interaction, and far too many lower-class people.
Many of our nation’s farmers were having a difficult time, even before the Great Depression from mostly producing far too much produce with the prices being far too low. The effects trickled downhill becoming worse with no sign of improving. People weren’t buying enough food, which didn’t help put enough money into the economy. Since the prices were so low, hardly any money was in being put into the economy, resulting in more money being spent then coming in.
With this occurring, the stock market took a harsh turnaround from a soaring market, to a collapsing panic. The stock market did exceptionally well the majority of the 1920’s, growing very rapidly. The problem though, was even though it was poring money into the economy; all of the profit was basically simulated. More then enough of people were buying solely on margin. Margin was when they paid part of the stock when they bought it, and then they would pay the rest when they sold it. This worked for a while but only when
Many of our nation’s farmers were having a difficult time, even before the Great Depression from mostly producing far too much produce with the prices being far too low. The effects trickled downhill becoming worse with no sign of improving. People weren’t buying enough food, which didn’t help put enough money into the economy. Since the prices were so low, hardly any money was in being put into the economy, resulting in more money being spent then coming in.
With this occurring, the stock market took a harsh turnaround from a soaring market, to a collapsing panic. The stock market did exceptionally well the majority of the 1920’s, growing very rapidly. The problem though, was even though it was poring money into the economy; all of the profit was basically simulated. More then enough of people were buying solely on margin. Margin was when they paid part of the stock when they bought it, and then they would pay the rest when they sold it. This worked for a while but only when