There are many defining moments in the great depression. There were many things that triggered the events that happened and caused the great depression. These events were the dust bowl, the stock market crashing, and bank failures. The new deal is one defining moment in the great depression because of the fact that it got the United States out of the depression. These four defining moments changed the United States for ever.
When the dust bowl happened back in the great depression it was a disaster. People were not growing crops because there was not enough water to for the crops to grow. Americans were forced to sell there farms and move out because no crops were growing. Sand storms and dust was in the air everywhere. It was like a blizzard but with sand and dust cars and homes were buried in the sand and many Americans suffered from this tragic disaster.
When the stock market crashed Americans lost billions and billions of dollars. People were committing suicide, jumping out of there windows/roofs because of all the money they had lost. Even though the stock market began to regain some of its losses The stock by the end of 1930 it just was not enough and America truly entered what is called the Great Depression. Two months after the original crash in October, stockholders had lost more than $40 billion dollars. Americans suffered and could not believe that all there money was gone.
Throughout the 1930s over 9,000 banks failed. The banks failed because of the stock market crashing. When the stock market crashed lots of people were rushing to withdraw all there money from the banks. If everyone was withdrawing and no one was depositing the banks ran out of money and crashed and went out of business. Which caused people to lose jobs that worked at the banks. No one could buy anything because they lost all there money which caused all of the businesses to go lay off people. And if the businesses lay off people then they don’t have... [continues]
Cite This Essay
(2013, 02). The Great Depression. StudyMode.com. Retrieved 02, 2013, from http://www.studymode.com/essays/The-Great-Depression-1415341.html
"The Great Depression" StudyMode.com. 02 2013. 02 2013 <http://www.studymode.com/essays/The-Great-Depression-1415341.html>.
"The Great Depression." StudyMode.com. 02, 2013. Accessed 02, 2013. http://www.studymode.com/essays/The-Great-Depression-1415341.html.