Problems of the Great Depression

In the years between 1920 and 1954 the United States grew into one of the most productive lands on Earth. During the 1920’s the country turned away from world affairs and found excitement at home, but the excitement did not last very long. It suddenly ended in the early 1930’s. A Great Depression crushed the economy and millions of people lost their job.
The Great Depression main start occurred on Tuesday, October 29, 1929. Today it is known as Black Tuesday. During that time at least 30 million dollars were lost (Nishi 13). It was the worst day in history for the stock markets. ‘’By June 1930, the price of securities on Wall Street was about 20 percent, on
Average, of what it had been prior to the crash; between 1929 and 1932 the Dow-Jones average of industrial stock prices fell from a high of 381 to a low of 41” (Depression 1). The Depression should have been expected due to the “flaws in banking practice” (Wecter 9).
The United States were not the only o...