1 Ski Boot Ski Gear

The history of the 1930s say that when the stock market crashed in the year 1929, it was the start of the Great Depression. People who traded in the stock market tried to sell their share but no one was buying. Many people traded in the stock market because it was the surest and quickest way to get rich.

Banks and other financial institutions which also invested most of their funds in the stock market found themselves with no more money. Faced with this predicament, some of the banks had to close. Because of this, people went haywire and immediately tried to withdraw their money from the banks. And because of the sudden and mass withdrawals, the banks also closed because they had no more money to operate.

Those who were not able to withdraw their money went bankrupt. Businesses that were not abke to get back their deposits from the banks had to let go of a big percentage of their workers and to save some more, had to cut back on the work hours. People who had some money saved up were afraid to spend. And because the business had gone bad because no one was buying anymore, businesses had to shut down and the employees had to be laid off. The 1930s history would show that the Americans were poorer than rats and could hardly even eat. During other depressions, farmers were the least affected because at least they can feed themselves. But during the Great Depression, the Great Plains were hit hard by drought and horrendous dust storms.

The grasses were almost gone because of overgrazing so the earth that was exposed were picked up by enormous winds and whirled for miles away. Almost all of the crops were destroyed, leaving the farmers without money or food. It was at that time when the tractor was invented. The farmers would usually take out loans to buy seeds and rent a tractor, but when the crops were destroyed, the farmers found themselves hungry and in debt.

The banks were forced to foreclose on their properties and the farmer had to let go of their land. They headed to places where they heard there were hiring for work. For a single vacancy, thousands of people applied. And then Pearl Harbor got bombed and the United States had to go to war. Awful as it may seem, but it was the start of the recovery of the United States.

The history of the 1930s reveals that the Americans went through the greatest hardship a society can face. However, they were able to surpass the challenges of the times and is now considered as one of the richest countries in the world.Click here for more information on 1930s history.

Helpful Articles