GREAT DEPRESSION 2 Essay

Submitted By shrlahanley
Words: 418
Pages: 2

Sharla Hanley

The Great Depression The Great Depression, an immense tragedy that placed millions of Americans out of work, the great depression in general, as a whole is one that was put on the map in the great United States. I believe that the great depression is now what they called the recession not as worst or bad, but it is the beginning. The great depression is one that will go down in the history books. The great depression didn’t happen only in America but all over the world too. After nearly a decade of optimism and prosperity, the United States was thrown into despair on Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. Not only were people out of work, but even Hollywood was put to the test, of not having enough money to pay the actresses like Scarlett O’ hara.
And yet, the Stock Market Crash was just the beginning. Since many banks had also invested large portions of their clients' savings in the stock market, these banks were forced to close when the stock market crashed. Seeing a few banks close caused another panic across the country. Afraid they would lose their own savings, people rushed to banks that were still open to withdraw their money (The great depression: a short story)
To many at that time, President Roosevelt was a hero. They believed that he cared deeply for the common man and that he was doing his best to end the Great Depression. Looking back, however, it is…