The Causes And Horrors Of The Great Depression

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Signorile 1 The Great Depression is known to be the most worldwide depression of the entire twentieth century. It is well known and still studied today in history. The Great Depression was cause when the stock market crashed in the late 1920s. Before the Great Depression everything appeared to be going well and poverty was at a high in the twenties in which was referred to the roaring twenties. The Great Depression started on October 29, 1929, which is the day the stock market collapsed. This day is referred to as Black Tuesday. To the horrors of many people, this Depression lasted a full decade shocking everyone on how a once stabile economy can go from prosperity to nothing overnight. People have attributed the Great Depression as …show more content…

Back in 1929 that was not the case. The main way to find facts out other than verbally was the newspapers. The headline after the collapse in The New York Times the next day was, “ Stock collapse in 16,410,030 share day, but rally at close cheers brokers: bankers optimistic, to continue aid. This headline goes with what Samuelson had written about in which Americans were not too worried about the bad economy at first. The opening words of the newspaper the day after stock market crashed were, “Stock prices virtually collapsed yesterday, swept downward with gigantic losses in the most disastrous trading day in the stock market’s history” (“Stock Collapse” 1). People were in extremely dire strengths thought this would just be an overnight thing could have just thought to try and keep hope alive. A few days after the crash The New York Times published a newspaper that said, “The fact that leading stocks were able to rally in the final fifteen minutes of trading yesterday was considered a good omen” (“Stock Collapse” 1). Unfortunately, as many know, it did not get better and ended setting up for a decade long

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