History

The Great Depression was a horrible event, struck upon the nation, making it hard for people to survive. Some would say life before the Great Depression was good and individuals felt happy financially. The economy in the nation, during that time, was strong and had a sturdy foundation. Jobs were available for most people including women and the money flow in the country was staying consistent The times were good until the Great Depression hit which caused banks to collapse, farms to fail, factories to close, and bread lines to form . There were many elements that occurred that could have caused the Great Depression such as the stock market crash, the distribution of income during the 1920s, the lack of government programs; President Hoover’s failed efforts to make a change, and the Smoot Hawley law. This event took a toll on the entire American society. Eventually the Depression ended but one of the reasons it took so long is because of Roosevelt’s struggle to make a comprehensive plan to end the depression. Roosevelt basically spent his time experimenting on what could “possibly” end this Great Depression.

The stock market crash in 1929 was a questionable cause of the depression, however due to the crash the economy suffered. The economy actually was stronger during the crash than when the depression came along. During the summer of 1929, Americans saw that the economic signs were encouraging. The stock prices were hitting extremely high levels. The prices were not consistent at all by declining, gaining strength, and then declining some more. Then in October 24th the crash occurred, called Black Thursday . The crash happened because there was too much money going through out the stock market too fast. For example, DuPont’s stock price went from $310 to $525 . Stocks should not have increase by that much at all; therefore this caused problems in the market making the crash occur. Investors took too risky ventures to get large profits for their business. The...