The US seemed like it was one its golden age. They were invincible or so they thought. They were in the age of Jazz and the Gangsters. The economy of the US was at its highest thanks to the help of the citizens in the US. People wanted to buy and buy things they needed and things they wanted. When it came down to buying most of the times they didn't have it, but lucky them they could take loans making them get in debt in return for the goods they wanted.
The rich since they were rich decided to invest in stocks being sold in Wall Street. They would make money buy later cashing in the stocks. People had high hopes on this even the banks in which the people intrusted their savings.
On October of 1929 Wall Street crashed and their was no more money for america. It was a dark time for all those who had gambled their money into stocks. Even those who weren't involved suffered from the banks going bankrupt when they too had participated in stocks. This was the beginning of the Depression.
Did the government help in this time of need? One could say they didn't and that they(the citizens) should figure it out themselves and should not expect things from others.
This is a very clear post. It has all the information and It it separated into paragraphs so it is easy to follow.
ReplyDeleteI like the chronological progression of ideas in this post. It makes it really clear.
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