The Role Of The Great Depression In The United States

The Great Depression was the most severe and longest economic collapse in the history of the Western World (North America and Europe). The Great Depression started on October 29th 1929, also known as Black Tuesday. On this infamous day in not only the United States history but also most of the Western Worlds, the stock market crashed, resulting in the wipe out of over 40 percent of the monetary values of common stock. The Great Depression lasted almost 10 years, ending in April of 1939. Economically during The Great Depression the United States suffered greatly, with over 13 million Americans losing their jobs from 1929 to 1933, Upper class Americans were affected greatly, due to the 80% decline in the value of the stock market. During the first four years of the Depression (1929-1933), two out of every five banks in America closed, resulting in the loss of over $7 billion in their customer’s money.
Due to the amount of unemployment there was a major increase in the crime rate of the U.S. However there was also a major increase in creativity, with classic movies such as Frankenstein, It Happened One Night, and Gone with the Wind being made, there was also a major increase in the popularity of the blues music genre.
Politically during The Great Depression, much of America adopted Conservatism, however much of the country was divided on major political