The Great Depression: Economic Crisis Of The 1930s
The Great Depression
The Great Depression is known as an economic crisis of the 1930s, it happened on a Tuesday of October 29th, 1929 many call it Black Tuesday and it lasted until the early 1940s. The stock market crashed and the value of an item costing 25 cents, now costs 2$ and many people couldn’t afford to keep the luxuries of things they wanted. Banks went out of business because people would rush to their banks and take their savings in hopes of not losing all they had invested in their stocks. Large amounts of people lost all of their savings and went bankrupt, most would sell anything they could on the streets, some would sell fruits or vegetables for 5 cents in times square trying
The Great Depression is known as an economic crisis of the 1930s, it happened on a Tuesday of October 29th, 1929 many call it Black Tuesday and it lasted until the early 1940s. The stock market crashed and the value of an item costing 25 cents, now costs 2$ and many people couldn’t afford to keep the luxuries of things they wanted. Banks went out of business because people would rush to their banks and take their savings in hopes of not losing all they had invested in their stocks. Large amounts of people lost all of their savings and went bankrupt, most would sell anything they could on the streets, some would sell fruits or vegetables for 5 cents in times square trying