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Photos of Great Depression

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Photographs of The Great Depression
In the beginning of 1929, people across the United States were scrambling to get into the stock market. The profits appeared so assured that even many companies placed money in the stock market. And even more problematically, some banks placed customers' money in the stock market (without their knowledge). With the stock market prices on the rise, everything seemed great. When the stock market crash hit in
October, these people were taken by a bombshell.

After nearly a decade of hopefulness and success, the United States was thrown into anguish on Black Tuesday, October 29, 1929, the day of the stock market crash and the official beginning of the Great Depression.

The photographs above are of The trading floor of the New York Stock Exchange just after the crash of 1929. These photos are in black and white and are kept at the This day in history has been coined with the name Black
Tuesday, October 29, 1929 , the day the stock market collapsed. In a single day, sixteen million shares were traded and thirty billion dollars vanished into thin air.
To say that the Stock Market Crash of 1929 devastated the economy is an understatement. Although reports of mass suicides in the aftermath of the crash were most likely exaggerations, many people lost their entire savings. Numerous companies were ruined. Faith in banks was destroyed. The Stock Market Crash of 1929 occurred at the beginning of the Great Depression. Whether it was a symptom of the impending depression or a direct cause of it is still hotly debated. In the years after the crash, regulations covering buying stocks on margin and the roles of banks have added protections in the hopes that another severe crash could never happen again.

After the reality set in of what happened on Black Tuesday people started selling there...

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