Informative Essay: The Great Depression

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The Great Depression

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Have you ever been through a time where you really want something, but you don’t have the money to spend it? You would probably wait until you had the money to buy it. Back then though, in the 1920s, people were spending the money they didn’t even have. The big thing was to buy stocks in the stock market. This would make a very big problem.

Black Tuesday is what they call it. The day that America would loose billions of dollars in just sixteen seconds. It was October 29, 1929, and all of the children are excited for Halloween, everybody is happy, and the New York streets are buzzing with activity. Stock markets are filled with people making about sixteen million investments a day. Investing in the stock …show more content…
On March 4, 1933, Roosevelt gave a speech in front of 100, people at Washington's Capital Plaza. He Said "I pledge to you, to myself, a new deal to the American people." (Source 12) He also said his most famous quote, "The only thing we have to fear, is fear itself." (Source 6) He explained in his speech what the New Deal was. The New deal

was a series of Laws that made sure we got help to the people, the environment, and that the employment rate went up.

Although it seemed like everything was fixed, their were still two problems, that could send America spiraling downwards. One, was the unemployment rate. There were 15 million unemployed. In one city, ninety nine percent on the population was unemployed. There were so many homeless people. They even build little shaggy hut or small towns to living together. They called these small communities Hooverville's. They named them after President Herbert Hoover. One of the biggest Hooverville's was located right outside of St. Louis.

The suicide rate was also high. People couldn't deal with the fact that they were broke, homeless, and starving. When the suicide rate reached its peak, hotels started to ask, "would you like a room to stay the night, or jump?" (Source 13) There had to be a way to stop this. Mabey, if there was more
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