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How To Write An Essay About The Great Depression

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The Great Depression The world was at peace and everyone was living a luxurious life of the 20’s. Then life changed as millions of people were speculating and storms became a devastating reality in the nation. People lost money, homes, land, and even lost their own family. The Great Depression was a very important disaster in U.S. history and had affected millions of lives in a negative way throughout the country. The Great Depression is a very important part of history in the United States. Depression- a long and severe recession in an economy or market. This word was used to describe everything that had happened in the 30’s. The Great Depression had occurred between the years of 1929-1941 ending close to WWII (Fremon 115). At the beginning of the year of 1929 was when the infamous Stock Market Crash had happened which had started the time of the Great Depression (Gow 27). …show more content…
Many investors put their money into the Stock Exchange which caused the shares to become overpriced (Stein 7). Then speculation had went around about a the stocks are going to crash. Many people became skeptical about the stocks crashing, spreading rumors around, and worrying citizens about their money which led to the selling of millions of shares (Fremon 23). On the day of “Black Tuesday” people rushed to the stock market and around 16,410,030 shares were sold making the stocks go down (Gow 27).
Money has been a very important item in the American economy. With millions of shares being sold, businesses ended up losing money. When people sold their stocks they went to banks to get all the money that they assumed they had but in reality the banks didn’t hold hardly any of it.
A lot of people swarmed the banks demanding money causing banks to fail (Peterson). In 1930, 1,350 banks shut down due to the lack of money and in 1931, 2,300 more had failed (Stein

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