The Stock Market Crash Began the Great Depression

Investing millions a year, stock investors never thought the system would fail, but one day, it all went away. The stock market crashed leaving millions without work. The Stock Market’s Crash began the Great Depression and America would reap havoc for many years. The stock market is a great way to buy part of a company gain or loose money depending on how the company is making money buy buying a share. â€Å"The stock market is owning a small piece of the company; the stock market is owning a piece of a business† (Christie 5). Therefore, investing in the stocks is a great idea when prices are high. Furthermore, it is a hard job to keep up with everything needed to know for the job. Investors and brokers are the one who do the buying†¦show more content†¦For example, colleges probably lost a lot of students this year. Finally, children were very educated and a lot of them spoiled in the 20’s. if 100$ could buy a car and stocks went down 40% in a day, the Great Depression was upon America faster then they knew it. The Great Depression of the 1930’s was the worst economic time for Americans because of the lack of money circulation when the stocks crashed. Over two million homeless people lived in America during that time so they, â€Å"built shantytowns on the outskirts of cities or along roadways. The areas were plagued by crime and disease.† (Callan 12). In addition, they were probably not very happy because they were robbed many times and generally sick. Also, it was really hard to live in shantytowns because they didn’t have lots to do. Children who had been fine in the 30’s had to deal with a lot; â€Å"Children were hit hard by the depression. Fathers often left their families in a desperate search to find work† (17). This shows that children grew up a lot quicker in the thirties then most times. In contrast, the children were expected to do too much in the depression. Almost everyone lost everything in the 30’s and â€Å"Older Americans who had planned to use their savings for retirement found themselves suddenly penniless. â€Å" (Christie 21). However, it is good the government didn’t step in with taxes as they are now to give them free retirement and heathShow MoreRelatedThe Effects Of The Stock Market Crash Of 19291552 Words   |  7 Pagesthe stock market crash of 1929. The question most debated is- which factor was the greatest contributor to causing the crash? Many think the answer is simple, for example, unemployment. On the contrary, the answer is quite complex because there were many interconnected causes. When answering this question, it is first crucial to analyze the causes of the crash and the causes of the depression that followed the crash. 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