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Great Depression Essay

  • Submitted by: Tigress59
  • on February 21, 2013
  • Category: Miscellaneous
  • Length: 799 words

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Below is an essay on "Great Depression" from Anti Essays, your source for research papers, essays, and term paper examples.

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
belongings to get by, as captured   in the photos below of a man selling his car for $100
and the photo...

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APA Citation

Great Depression. Anti Essays. Retrieved December 10, 2018, from the World Wide Web: http://teachingsail.com/free-essays/Great-Depression-410227.html


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