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How Did The Stock Market Crash Of 1929 Affect The United States

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How did the Stock Market Crash of 1929 effect the United States? Looking back into history Black Tuesday stands out as one of the most dramatic events to impact the history of the United States; indeed, its impact and legacy is evident today in our financial system and government. Both positive and negative effects shaped America to what it is. People were devastated as they lost millions of dollars in what seemed like a second. However the economy was so low it had no choice but to rise and recover. The U.S was able to prove its resilience as life for Americans returned to normal.
Events Leading to Stock Market Crash
There were many events that led up to the Stock Market Crash of 1929. World War 1 played a big as the U.S lent money to oversee countries that were not able to pay them back in the long run (Qiuzlet.com para.1). However the American people were making money left and right as the Allies demand for supplies put them to work and made them money. Farmers were affected the most because they needed to keep up with the necessities of the army, (Quizlet.com para.1). As the money would flow in the stock market got popular. It was no longer for the rich anymore, but also everyday people. Stocks began to go through the roof as people continued to invest more and more.
(The Stock Market increases dramatically 1928).
In 1928 the Stock …show more content…

People panicked trying to get out of the market and pay the money they owed to brokers. About 100 other decided to attempt or did commit suicide in that one year (Lowenthal para.7).Nothing was looking good as everyone was preparing for the worst time period Americans have experienced

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