â€œThe only thing we have to fear is fear itselfâ€(Franklin D. Roosevelt). On October 29, 1929 The United States stock market crashed. Not long after, everything took a turn for the worse. Three point two million people lost their jobs and had no money to spare. Shock soon effected everyone and people rushed to put their money in the banks ("Stock Market Crash of 1929"). Many did what they felt they should do and they turned to their president, Herbert Hoover and asked for some guidance during this terrible event. So Herbert ordered the banks to close down, so the money that was in the banks was not returned. That turned everyone against him and they saw him as the creator of the Great Depression. The great depression had adverse effects on education and healthcare but it created a favorable government leader.
During the great depression education was at a minimum, children hardly ever attended school. Many parents would homeschool their children due to the lack of teachers and school buildings. Unlike the ones who choose to educate their children many chose to not worry about educating their children and allowed them to stay at home and help with the chores and family. Unlike today children enjoyed going to school to get a little time having a normal life again
Many people wonder what started the great depression. On October 29, 1929 the US stock market crashed. The stock market crashed because during the 1900s many things were being invented. Many people invested in these products but some chose to invest in the stock market. When people would invest in the stock market the prices went up. Investing in the stockmarket soon became very popular and everyone soon began to do it. The only thing bad about investing into the stock market...
... only has to stand for a couple minutes. This usually did not end very well , many people got in fights and the police always had to break it up. If you would cut you would either be kicked from the line or you would have to go to the back. Policemen usually where in the higher class at the time and had little to no trouble when it came to money so all they had to worry about was making sure everyone followed the rules.
In 1933 President Franklin D. Roosevelt was elected. He was the sign that the great depression was coming to the end according to the people who believed that Hoover was the cause of the great Depression. The first thing President Franklin did was reopen the bank and allow people to withdraw money. For many that was the first thing they did. Soon everything started to get back on track. â€œ The only thing to fear is fear itselfâ€ was no longer needed.
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