The Great Depression journal entry #1

The great depression

 

The great depression lasted from 1929 to 1939, this was during the book “To Kill a Mockingbird”. It began after the stock market crashed on october 1929. Over the next couple of years, consumers spending and investment dropped, cause steep declining in industrial output, and employment were failing and companies laid out workers. On the year 1933, the great depression went down till its lowest point. More than 15 million americans were unemployed and nearly half the people in the countries banks had failed. One of the ways people made money was by selling their kids.

 

On october 1928, there were more employees going to work. A record of 12.9 million shares were traded, that day was known as the black thursday. Five days later, on october 29 the black tuesday happened 16 million shares were treated after another wave of panic swept wall street. on the year 1933 unemployment raised from 3 percent to 25 percent. As a result, word trade plumed 65 percent a massured in US dollars

 

 

 

 

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