Wall Street Crash
The Wall Street crash happened in 1929 and was the worst stock market crash in the history of the United States, due to its extent and long term effect. It was the start of a 12 year depression.
How did it affect life in America in the 1930’s?
Firstly, anyone who brought stocks in 1929 would almost never get their money back and would have to wait most of their life if they did. After the 1920’s, many people were earning less money than they needed to have been earning as it was, and the majority of them had put money on Wall Street. Then when all of those people lost the money die to the Crash, the very rich could just about manage, and everyone else had too little money to live on. People lacked money so much, that some were known to have died of starvation, and farmers had to kill and their animals, as people could not afford to buy them, despite people in cities going hungry. It also had the following effects: 1) 12 million people out of work
2) 12,000 people being made unemployed every day
3) 20,000 companies had gone bankrupt
4) 1616 banks had gone bankrupt
5) 1 farmer in 20 evicted
6) 23,000 people committed suicide in one year - the highest ever Some men were driven to setting forests on fire to get temporary employment as fire fighters. Times were very difficult and people could not be trusted as everyone was in a desperate search for only one thing; money. This caused devastation, families ripped apart, people’s lives being ruined and all the while the government hardly did a thing. The devastation so large, that the country could not recover its self for a hard, long, 12 years.
How does ‘Of Mice and Men’ reflect this?
The book tells the storey of two men who wanted to live the ‘American Dream’, and be in control of their own lives. It is a snap shot of what the average individual man’s life was like in that period of time. It tells the tale of life during the repercussions of the Wall Street Crash,...