The depression that occurred as a result of the stock market crashing sent the American and foreign governments, and their people into complete disarray. Governments tried in vain to sustain the value of their currency. In the end it did not succeed and the value of the dollar diminished rapidly. This caused dramatic inflation and the increased price of imports. Also exports from America dropped swiftly from 1929 to about 1938, and this increased the strain on the already damaged economy. Many banks went bankrupt because most of its investments were in the stock market, meaning that investors lost everything. The depression was felt around the world with many foreign nations holding stock in the U.S. markets. The industrial production in many countries dropped forty percent and fell fifty per

There were some good aspects of this book I especially enjoyed the aspects about how the American people creatively survived during these horrific event. Obviously the crash of the stock market was explained in detail and I can relate it to modern day events in the stock market. There were also a lot of particulars about the investors and how they felt after the crash. I had some objections to the book though. It lacked information about how the children survived and also how the wealthy reacted to the crash. Besides these objections I would recommend this book to anyone who enjoys the in depth detail on the crash and the Depression following it.

cent alone in the US. Those who took the worst hit were the third world countries that exported raw materials to the larger nations for manufacturing. People who worked part-time and full-time jobs were eventually laid off due to an enormous lose of income. As a result this put thirty percent of the American population into unemployment and eventually poverty. Some families who were law-abiding citizens ended up in a life of petty crime to keep from starvation. The government and charities tried to provide what they could for the American people, but nothing was enough to get America on its feet again quickly.

I had no idea that the crash would result in a new revival in different cultures. The author, Tom Shac

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