... -term unemployment were observed in Philadelphia in 1936 and 1937. This Unemployment spread was a result of the stock market crash of 1929 marked the beginning of the worst economic crisis in American history. Nobel Prize winner John Steinbeck, one of America's greatest writers, described the depression this way: "It was a terrible, troubled time. I can't think of any ten years in history when so much happened in so many directions. Violent change ... live a better life. They go from place to place searching for employment. It truly shows the struggle of men looking for jobs and what the...

• Word Count: 637
• Approx Pages: 3
• Grade Level: High School

The Great Depression is probably one of the most memorable events in American history. During the 1920s speculation caused many people to buy stocks with loaned money which were collateral for buying more stocks. Broker's loans went from under $5 million in mid 1928 to $850 million in September of 1929. The stock market boom was then very unsteady, basically because it was based on borrowed money and false optimism. When ... American's should be given the same equalities and respect as well as others. During the great depression the government went through a period of time where they went in ...

• Word Count: 452
• Approx Pages: 2

On October 24th, 1929 the ten-year party that Americans had enjoyed during the twenties came to a halting stop when the stock market crashed, and hundreds of Americans lost everything they had ever worked for. That day, now known as "Black Thursday," was a true reality check that caught the American public off guard and resulted in the first ever Great Depression of the 30's. However, the silver lining of this black cloud is that ... it finally made the federal government open it's eyes and develop an elaborate system of public works projects and social security to get the American people bac...

• Word Count: 1008
• Approx Pages: 4
• Grade Level: Undergraduate

... money to buy stock; others took it as far as borrowing on the collateral of their existing stock to buy more stock. Brokers loans went form five million dollars in 1928 to eight hundred fifty million dollars in 1929. Since the optimism was all a false hope investors begin to lose confidence , thus; the stock market crashed and took everybody down with it. This was not ... the only reason as some may believe. The government played a big role also by raising tarrifs so high that it hurt American farmers and almost stopped foreign trade. The only people that prospered in ... one dollar a ...

• Word Count: 610
• Approx Pages: 2
• Grade Level: High School