The Great Depression Was One Of America Crucial Time For

The Great Depression was one of America crucial time for unemployment’s, banks failed, and many family suffered in this era. Great Depression lasted 10 years from 1929 to 1939 it was the worst economic upset in the history of the industrialized world. It started off on â€Å"Black Thursday† investor and traders sold 12.9 million of stock in one day which ended up triple the usual amount and the next couple of days’ stock prices dropped 23 percent which was called the stock market crash of 1929. This began when the stock market crashed in October 1929, by this it sent Wall Street into panic and eliminated millions of investors. As years went, many consumer’s spender and investors dropped cause steep declines in the industrial and employment as†¦show more content†¦One of the consequence of tariff was the trade between countries was less between United States and many foreign countries. Plus, the countries retaliated economically against the United States. Another reason is the conditions the farmers and unemployed lived during the Great Depression for example the depression cause farmers to lose their property and farms. This event happened in the Mississippi Valley in 1930 such proportions that many couldn’t pay their taxes and other debts so they had to sell their farms so for that no profit to themselves. During that time, the Midwest was overcultivation and a dry creating the â€Å"Dust Bowl†. The agriculture ended in previous fertile region and thousands of farmers and many unemployed worker went to California to look for work in California by this many ended up homeless. In this paragraph, Frank Roosevelt was a great influence on helping the economy for the Americans during the great depression. One of his great influence to bring back to the confidence for people to go back to the bank was the â€Å"New Deal† which he planned to by relief, recovery and reform. The first one hundred days the legislative passed a law which is known as â€Å"Bank Holiday† which he implied an entire week of March 1933 that all banks transactions were to suspend in the effort to stem banks failures toShow MoreRelatedThe Great Depression : The Fall Of A Nation1701 Words   |  7 PagesII 3 March 2015 The Great Depression: The Fall of a Nation The Great Depression was a hard time for America. The name fits like a glove because it was, in fact a depression. The Great Depression was crucial to American history because it changed every aspect of American life, revealed how big a power America was, and it established multiple government agencies around the world to make sure something like it never happens again. The economy was at a highpoint in 1929. 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