The Stock Market Crash of 1929 is said to be the most shocking financial event in the history of the United States. Not only did the stock market prices drop drastically, but the business world was brought down with it. The market losses for the month of the Stock Market crash included sixteen billion dollars. this triggered the Great Depression.

The crash occurred in October of 1929. Approximately thirty billion dollars was lost by Americans due to the stock market crash. After the stock market crash, profits declined over seventy-five percent. The automobile, steel, railroad equipment, metals, machinery, and mining companies were impacted the most due to the stock market crash. N

There were also many unemployed people during The Great Depression. Over thirteen million people lost their jobs during 1929 to 1936. Hourly wages had dropped down by fifty percent. there were no unemployment insurance. Many Californian children died of starvation. The farm area were affected as well as the urban cities. In Kentucky people lived off of weeds. Only one quarter of the unemployed population were on well fare. This is because the richer Americans were not willing to raise the taxes to offer support for the unemployed.

The record industry almost died during the depression because no one had enough money to spend on records.

At least 10,000 banks had failed since 1929 and approximately two billion dollars of deposits were lost. The national income as a whole had declined by fifty percent. Manufacturing also declined by at least fifty percent.

Along with the unemployment amount, there was a dramatic increase in the amount of crime during the Great Depression. Many Americans tried to get easy money by taking part in robberies, kidnappings, and murders. In 1935, criminals outnumbered carpenters four to one, grocers six to one, and doctors twenty to one.

The next act added was the New Deal Administration, Agricultural Adjustment Act. This was a law that had the federal government pay cash benefits to the founders and producers of the seven basic crops providing the farmers agreed to reduce the production of their crops. Supreme court declared that the AAA, along with the NRA, was unconstitutional.

Sports became more popular during the depression. The WPA (Works Progress Administration) set up more facilities. They built new buildings, new parks, athletic fields, tennis courts, swimming pools, golf courses, and miles of ski trails.

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