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Sep 24, 2019

[Answer] What event started the Great Depression?

Step 1 : Introduction to the question "What event started the Great Depression?"



...1. D-Day 2. Potato famine 3. JFK's assassination 4. Black Tuesday




Step 2 : Answer to the question "What event started the Great Depression?"



Black Tuesday - A variety of factors led to The Great Depression, but the 1929 event known as “Black Tuesday” is considered to be when it began in earnest. On that day, there was a significant stock market crash that sent the United States into a massive economic recession. Soon after, severe droughts and high winds led to the “Dust Bowl” in which farms were not able to produce crops and livestock. People began to panic, pulling their money out of banks, which only worsened the economic problems. Efforts by the U.S. government to halt the problem failed to produce results. For many Americans, the Great Depression decimated their way of life. People quickly lost their jobs and homes. Many people could not afford basic necessities, such as food. In search of work, many Americans left rural areas for the city and homelessness was high. People began to rely on bread lines and soup kitchens. However, when Franklin D. Roosevelt was elected, he implemented many changes that helped to rebuild the economy and inspired hope in the American people. With starts and stops, the economy had largely recovered by 1939. However, the Great Depression still affected people for years after. :


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