scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 2,622
Great DepressionThe Great Depression was a disastrous business slump that affected millions of people throughout the entire United States It began in 1929 and continued on to some degree until 1939 People lost their jobs and families lost their homes The country was in total chaos Some believed that America could never totally recover There were several factors that contributed to the start of the Great Depression One of them was the crash of the stock market It was 1929 and Republican Herbert Hoover had just been recently elected During the previous few years the stock market had been steadily rising and everyone wanted their piece of the profits By this time over 15 million people owned stock in various companies People in every kind of financial situation owned stocks It seemed that it was an easy way to make money and most investors were getting rich The stock market reached its all-time high on September 3 1929 This caused even more people to buy stock In October of 1929 however the stock prices slowly began to decrease This did not bother the stockholders that much because they just figured that the stocks would go back up like they always did Unfortunately these predictions were terribly wrong On the 24th of October the stock market plummeted Shareholders rushed to sell their stocks as quickly as possible but they found no buyers The 24th came to be known as Black Thursday Five days later there was a Black Tuesday That was when more than sixteen million stocks were sold at a great loss One stock had dropped from one hundred dollars to only three dollars per share The President and the bankers tried to assure people that there was not a crisis and that it was only a temporary situation but they could not have been more wrong When the stock market crashed it upset the whole economy Because the stock prices were so
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA