Background Information
A newspaper headlining the crash of the Stock Market.
The great depression was an economic downfall in North America, Europe and other industrialized countries that began in 1929 that lasted for ten years ending in 1939. Even though it was claimed that America had gone six months earlier, the Great Depression has been said to have begun when the stock market crashed on the New York Stock Exchange in October 1929. The years following the crash the stocks in the United States continued to fall affecting every single person in the country. It was able to ruin hundreds to thousands of investors, strain banks, and other financial institutions particularly those holding stocks in their portfolios. Unfortunately the Great Depression was precedence; since the civil war the American government have been dealing with mini depressions here and there lasting for a couple months to up to a year tops. Thee depressions were devastating, but often their impact varied from region to region.