Former President Calvin Coolidge states, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man."(n.d.) This quote demonstrates that there was almost no hope left and there was nothing around the people during this time that gave them hope. With nothing around to be happy about, the depression fed into itself. During this time, it came with a lot of complications. With around 11,000 banks failing during the Great Depression, this left many with no savings. In 1929, unemployment was around 3%. In 1933, it was 25%, with 1 out of every 4 people out of work. This made it very hard for a lot of …show more content…
As said by Blumenthal and Freedman, “The Great Depression began with the crash of the stock market in October of 1929 and peaked from 1932 to 1933” (2005,para. 2). This is significant because the stock market crash made all of the banks crash. It’s banks crashing left and right, it left the people to try and find ways to make money. Research shows that, “The average family income dropped by 40% during the Great Depression with more than $1 billion in bank deposits lost due to bank closings”(U.S. History The Great Depression, 2007 para. 7). This is significant because there was no money to provide for their family. This caused millions of people to die from starvation. The Great Depression was a very economic …show more content…
Isaiah 40: 30-31 states, “Even youths shall faint and be weary, and young men shall fall exhausted; but they who wait for the LORD shall renew their strength; they shall mount up with wings like eagles; they shall run and not be weary; they shall walk and not faint (English Standard Version). This verse is a large source of hope.It shows how God is powerful and can do anything. When Gods renews a persons strength, they will be brought back in fulfillment. Another verse is Psalm 30:5 and states, “For his anger is but for a moment, and his favor is for a lifetime. Weeping may tarry for the night, but joy comes with the morning” (English Standard Version). This shows that God can help in any moment of somebody’s life. He can change everything in the blink of an eye. The Bible talking about Depression is good for