The Collapse Of Black Tuesday In The 1900's

Finally came Black Tuesday (29 October, 1929) by when the markets had most certainly crashed and around $25 billion ( $319 billion in today's dollars) and 15,000 miles of ticker tape paper had been lost. Stocks continued to fall till 13 November, 1929. The depression had set in by then and had already started spreading in great intensity to the rest of the

On one of the most devastating days in economic history, the stock market crashed with the value of the dollar being useless. Many families were left without any warning, losing any of their savings placed in stocks. People started to worry, rushing to the banks to withdraw quickly whatever money they had left to make sure they didn 't lose anything else. Banks were closing faster than people could get to them, leaving people with nothing. The people who did grasp their money spent less on items that they needed because prices skyrocketed, which in return got people getting laid off from their jobs, worsening the economy and losing even more money.

“On October 24, 1929 prices on the New York Stock Exchange collapsed. Losses estimated between $8 billion and $9 billion”( Account of the Stock Market Crash of 1929, October, 1929). As a result, the “Great Depression” was a period of severe economic hardship that began in 1929 and lasted most of the 1930’s. Therefore, many Americans lost their jobs, homes, and their savings. “The Great Depression affected many countries worldwide.

This led to six long years of depression for the United States of America, and is another great reason why Andrew Jackson, also known as “Old Hickory”, was one of the worst presidents the United States ever had in its great history of US

Cinderella Man “Any lack of confidence in the economic future or the basic strength of business in the United States is foolish,” Herbert Hoover stated when addressing the economy in the 1930’s. Sadly, the statement turned out to be false once the economy plummeted. The Great Depression took many americans by surprise, causing havoc wherever it reached. Many citizens of the United States invested everything to the stock market, and in turn were left on the streets with nothing after the economic crash of the 1920’s.

There were not very many cars in the 1930s either.

"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" (qtd. in “False Hope: Famous Quotes during the Great Depression”). The Great Depression was the worst and longest economic downturn of the United States. It left 13 to 15 million Americans out of work, hundreds of thousands of businesses to close down, and almost half of the country’s banks to fail (Sennholz). Although many think the Great Depression was caused by the stock market crash of 1929, it was only a symptom of a slowing economy that had gone unnoticed, and the most significant cause of the Great Depression was the overproduction

The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.

Film in the Great Depression When the stock market began to fall apart in the autumn of 1929, it triggered a domino effect that exposed many weaknesses in the American economy. “Between 1930 and 1933, over 9,000 American banks either went bankrupt or closed their doors to avoid bankruptcy. Partly as a result of these banking closures, the nation’s money supply shrank by perhaps a third or more between 1930 and 1933, which caused a decline in purchasing power and thus deflation. Manufactures and merchants began reducing prices, cutting back on production, and laying off workers.

The stock market crash of October 29, 1929 provided a dramatic end to an era of unprecedented, and unprecedentedly lopsided, prosperity. This disaster had been brewing for years. Different historians and economists offer different explanations for the crisis–some blame the increasingly uneven distribution of wealth and purchasing power in the 1920s, while others blame the decade’s agricultural slump or the international instability caused by World War I. In any case, the nation was woefully unprepared for the crash. For the most part, banks were unregulated and uninsured.

The Great Depression began in August 1929. It was a tragic time that left millions of people in the United States out of work. The day when this happened is referred to as Black Tuesday, and it is the day when the stock market prices crashed to a degree that there was no hope for it to rise anymore. Many people attempted to sell their stocks, but there was no one who would buy it.

In the history of America, the history of the world, never had such unexpected terror descended from the skies. In one hour, the peace and relative quite of 9:45 AM in New York City, was disrupted by a plane circling overhead. Curiosity turned to aghast and shock as the plane started diving toward one of the twin towers. It crashed into an upper story of the building, spewing fire and showering those below with debris. This was only one of 4 hijacked planes, heading toward other United States landmarks.

My world started collapsing when the disastrous terrorist attack, 9/11, struck fear in my parents' heart. I was only one year old during that time bathed with happiness, my parents would never fight or argue, however, this perfect atmosphere incinerated to ashes on a single day. Sadly, my father's job was affected by the terrorist attack due to them hijacking the planes, which resulted in the temporary termination of airline jobs. Thus, as the stress encapsulated my parents' mentality, quarrels became a part of our daily lives. Looking back from now, our financial situation might have replenished steadily, yet, my life would never be the same again.

September 11th, 2001 also known as 9/11 was a tragic event of history. Hijackers drove jets into both of the world trade centers and the pentagon. The results left the nation destructed, thousands died in the event of 9/11. All of the nation as a whole was left heartbroken. Everyone felt that there needed to be a response to 9/11.

My heart was briskly pumping. I have never been this fearful and apprehensive for anything in my life. The event that would transform my life forever was happening. This was the day I was going to move out of Florida When I was informed of the news at the beginning of the summer, I was unsure on how to react.