Great Depression

The great depression During and after the world war potty decided to move to America to start on the firm over again, start a new life on the other side of the water, what they wanted was the American dream just now weeny did they now that that dream would soon become a incubus! The great depression was a massive catastrophe to m whatsoever another(prenominal) an(prenominal) Americans that put them out of work. The day all their blitheness and celebrity stopped was Black Tuesday, October 29, 1929. After nearly a decennary of success and wealth, the United States was thrown into misery! As the express prices crashed and dropped, it looked like there would be no firm of recovery and panic struck. No one was buying any issue, much and more(prenominal) tribe were trying to sell their stock and goods, only how could they! The thing was the stock securities industrys were only the start of it. Many banks had already invested portions of their clients nest egg in the stock market, these banks were forced to resolve when the stock market crashed. Many pack rush to their banks to free their money because they were panicking seeing all these banks close. The massive withdraw of cash banks to close. Since there was no way banks could recover any of their savings once the banks had closed in(p), people that didnt reach the bank in time too became bankrupt. Businesses and industries was also affected.

Many businesses cut confirm on their workers, hours and wages. Customers started to stop their spending, the lack of customers spending caused businesses to cut punt wages, even more drastically and began to lay off worker s. A lot of businesses couldnt delay open e! ven with these cuts and soon closed their doors, leaving all their workers unemployed. Riding the Rails During the Great Depression, millions of people were out of work across the United States. Unable to spue another job locally, many unemployed people reach out the road, travelling from place to place, hoping to find some work. A few of these people had cars, but nigh hitchhiked...If you want to get a full essay, order it on our website: OrderEssay.net

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