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The Great Depression and the Stock Market crash were both around the time when To Kill A Mockingbird was written. They both had a very big effect on America and America wouldn’t be the same without these two events. People were very poor and it showed that in the book when Mr. Cunningham was paying Atticus in Walnuts instead of money because he was so broke. One of the reasons the Stock Market crashed was because of Black Friday. This was when investors traded over 16 million shares in the New York Stock Exchange. Black Friday made the Stock Market crash and this has also happened in Germany in 1929. I don’t think this could be avoided. If it was avoided, I think, America would be very different than it is today. The Stock Market had fallen
Nextly, the stock market crash also caused the economic fallout which resulted in the Great Depression. Because “Black Tuesday” wiped away billions of dollars and thousands of investors, it caused a great amount of economic fallout. When “Black Tuesday” struck Wall Street on October 29th, 1929, investors traded 16 million shares on the the New York Stock Exchange in just a day which caused billions of dollars to be lost and thousands of investors who got all their money wiped out. After the fallout of “Black Tuesday” America’s industrialized country fell into the Great Depression, which was one of the longest economic downfalls in the history of the Western industrialized world.
The Great Depression of 1929 to 1940 began and centered in the United States, but spread quickly throughout the industrial world. The economic catastrophe and its impact defied the description of the grim words that described the Great Depression. This was a severe blow to the United States economy. President Roosevelt’s New Deal is what helped reshape the economy and even the structure of the United States. The programs that the New Deal had helped employ and gave financial security to several Americans. The New Deals programs would prove to be effective and beneficial to the American society.
Since being founded, America became a capitalist society. Being a capitalist society obtains luxurious benefits and rather harsh consequences if gone bad. In a capitalist society people must buy products and spend money to keep the economy balanced, but once those people stop spending money, the economy goes off balance and the nation enters a recession. Once a recession drastically takes a downturn, the nation enters what is known as a depression. In 2008 America entered a recession and its consequences were severe enough for some people, such as President Barack Obama, to compare the recent crisis to the world’s darkest economic depression in history, the Great Depression. Although the Great Depression and the Great Recession of 2008 hold similarities and differences between the stock market and government spending, political issues, lifestyle changes, and wealth distribution, the Great Depression proved far more detrimental consequences than the Recession.
A time in America’s history was made dark by an economic downfall. The Great Depression made life almost unbearable for most people living in the 1930’s. The stock market crash started on Tuesday October 29, 1929, it is also known as “Black Tuesday”. The stock market crash is known as the worst economic collapse in the history of the modern industrial world (“The Great Depression”). The Great Depression was a deep economic crisis that began in 1929 and lasted until the nation’s entry
Finally, investors went into “panic mode” on October 24th, 1929, and began trading and dumping their shares, totaling a record of 12.9 million. Of course, following “Black Thursday,” the more well-known “Black Tuesday” ensued as a result of this. Between Black Monday and Black Tuesday, the market lost 24% of its value, and investors bought and traded over 28.9 million stocks. These stocks, now worthless, were used as firewood for some investor’s homes. The Dow Jones Company is perhaps the greatest example for this crash. Dow Jones started at 191 points at the beginning of 1928, then more than doubling to 381 points by September 1929. The crash caused their record 381 points to plummet to less than 41 p...
In the opening pages of her novel To Kill a Mockingbird, Harper Lee wrote these words: “There was no hurry, for there was nowhere to go, nothing to buy and no money to buy it with…but it was a time of vague optimism for some of the people: Maycomb County had recently been told that it had nothing to fear but fear itself.” Lee alludes to the seemingly inadequate reassurance that United States President Franklin D. Roosevelt provided during his inauguration speech at the onset of the Great Depression, while also describing the melancholy and hopelessness that many citizens felt. This sentiment, however, was not just confined to the United States—the impact of the Wall Street Crash of 1929 had also reverberated throughout Latin America, and very few countries escaped the ensuing economic depression unscathed, including the Latin American nations of Chile and Peru. However, while the Great Depression adversely affected the economy and politics of both Chile and Peru in the 1930s, its effects were longer-lasting and more severe in Chile than in Peru.
The Stock Market Crash of 1929 was the most devastating crash in U.S. history. It started on October 24, 1929 and the downfall ended in July 1932. I always wondered what caused this calamity. Before starting this report, I knew basic idea about the crash. It was a time of decline and huge fortunes were lost. Now I can figure out just why.
October 29th, 1929 marked the beginning of the Great Depression, a depression that forever changed the United States of America. The Stock Market collapse was unavoidable considering the lavish life style of the 1920’s. Some of the ominous signs leading up to the crash was that there was a high unemployment rate, automobile sales were down, and many farms were failing. Consumerism played a key role in the Stock Market Crash of 1929 because Americans speculated on the stocks hoping they would grow in their favor. They would invest in these stocks at a low rate which gave them a false sense of wealth causing them to invest in even more stocks at the same low rate. When they purchased these stocks at this low rate they never made enough money to pay it all back, therefore contributing to the crash of 1929. Also contributing to the crash was the over production of consumer goods. When companies began to mass produce goods they did not not need as many workers so they fired them. Even though there was an abundance of goods mass produced and at a cheap price because of that, so many people now had no jobs so the goods were not being purchased. Even though, from 1920 to 1929, consumerism and overproduction partially caused the Great Depression, the unequal distribution of wealth and income was the most significant catalyst.
However, in 1929 when stocks had soared to an all-time high, in September they plummeted. This day in history is known as Black Thursday and is remembered as the Wall Street Crash of 29. The crash hit people's interests hard. and Americans all over lost a lot of money. Banks had to spend all of the money they had on regaining the economy, and agricultural needs.
To begin with, the Great Depression especially influenced Harper Lee to write To Kill a Mockingbird because of how it affected the economy and the common people. During
The era of the 1920’s as well as the Great Depression defined Americas freedom throughout the rest of history. During the roaring twenties expansion and freedom were right around the corner, beginning with the new car, new cities, new luxury items, and more. Then the Depression occurred in 1932, the economy hit rock bottom and America as it was seen lost the title “The Land of the Free”. This title thrived through the twenties as travelers migrated to America to be a part of the American Dream to soon be hit by reality. The era of the twenties and the Great Depression shaped what America was today, although the twenties expanded and brought freedom while Depression took that away.
During the Great Depression, receiving an education was becoming more and more difficult for southerners. From not being able to afford the required supplies needed, to not being able to pay for the tuition, many people found it nearly impossible to attend school. The novel, To Kill A Mockingbird written by Harper Lee shows how the lack of education in society during the Great Depression affected Southerners lives, not allowing them to change their futures for the better. The public school system changed drastically during the Great Depression. Society started to notice the changes during the years of 1930 and 1931, when conditions were at their worst.
Compare and Contrast Essay Rough Draft January 26, 2016 Justin Park The Great Depression was the worst period in the history of America’s economy. There is no way to overstate how tough this time was for the average worker, and there was a feeling of desperation that hung over the entire country. Current political wisdom leading up to the Great Depression had been that the federal government does not get involved in business or the economy under any circumstances. Three Presidents in a row: Warren G. Harding, Calvin Coolidge, and Herbert Hoover, all were cut from the same cloth of enacting pro-business policies to generate a powerful economy.
The Great Depression era could be summed up in two words “bread-lines and debt” (McCabe 12). The Great Depression was a time of hardship for everybody. Millions of Americans lost their homes and their jobs (McCabe 12). While reading the book To Kill a Mockingbird we learn about some impacts on the novel like Jim Crow laws, mob mentality, and the trials.
When F. Scott Fitzgerald published The Great Gatsby in 1925, it was impossible for him to predict that only four years later his story would be enacted in real-life during the Great Depression. There are many prophetic symbols in the novel that tie The Great Gatsby and the Great Depression together.