BC: That is the story of the Great Depression, which tortured America for a decade, but in the end America came back out on top.
FC: The Great Depression by Andrew Bump
1: The Great Depression lasted from 1930 all the way to 1941. That is nine long years of panic, poverty, and as the name the event is called; depression.
2: The Great Depression was in the making for a long time, but the majority of people ignored the signs. It was only a matter of time before it struck, and it struck hard. People were just "playing the stock market", it didn't matter if the stock was doing good or not, people were just trying to get rich quick. That is what made the blow and caused the Great Depression
3: On October 29th, 1929 is when it happened, it would be called "Black Tuesday": The Stock Market crashed, stockholders lost about $40 million in two months, and it plunged the U.S. into darkness.
4: Besides the stock market crashing, there were other causes. Banks were unstable; peoples deposits were uninsured and there were too many loans given out that weren't being paid back. A total bank failure was soon to come.
5: There was also a lack of purchases in goods, which lead to workers being laid off. High unemployment (about 15 million people) further drowned America in depression.
6: Another problematic cause was a high tariff on imported goods from Europe (which was meant to help project American companies). There was also dept that had been accumulated from World War I.
8: Life wasn't getting any better like all who used the stock market hoped. Life was getting really rough; jobs were being lost, rent wasn't getting paid, less and less food on the table, the list goes on and on. Life was dirty and dreams of the future were uncertain now.
11: It didn't matter who you were, or where you came from, or what you did, everyone felt the weight of the Great Depression in some form.
12: There was wide spread poverty across the nation. Some felt it more than others. Some had to sell almost everything they had to even slightly put money in their pockets. Some had to sell their land, or their homes, or their very own businesses. Many people had to simply pick up and leave their rural homes in search of work.
14: Living conditions became dreadful; they were unclean and gloomy, it was easy to become ill in such environments. Many became known as "squatters" and would live in tiny shacks for homes.
16: Some even formed small communities of shacks to band together.
18: The Great Depression would end though in time, and American would be back to work, in mass numbers...
19: In late 1941, the United States would enter World War II, creating a demand for needed soldiers, and workers who would fuel the American war machine. Along with FDR's New Deal plan that would help end the depression; World War II would mark the end of the Great Depression, and a long road of recovery in the coming decade for America.