The Great Depression The Biggest Economic Downfall

The Great Depression is the biggest economic downfall America has ever experienced. It was a time when almost all Americans suffered, one way or another. It was a devastating period for several people and, therefore, thousands went through rough family separations, poverty, and other emotionally challenging experiences. Starting in 1929 lasting ten years, this was one of the longest economic downfalls in the history of such a modernized world, and unfortunately, the people were highly affected, as over fifteen million people became unemployed, which is a prodigious twenty-five percent of the population (Taylor, par. 7). Due to the fact that America was one of the most industrialized nations, this depression was truly unexpected. One stock market crash set America in a completely different direction, and the American dream that everyone aspired to achieve in their lifetimes suddenly vanished. Thousands of people became jobless and got thrown into the streets, not knowing what to do. A lbeit many may say that the people suffered deeply, others believed there was a silver lining. Survivors of The Great Depression mention that they have changed emotionally, physically, and have become more conscious towards helping their planet Earth. Thus, while the lack of financial security during the Great Depression was certainly emotionally stressful, for many Americans this uncertainty actually triggered significant personal character developments in many facets of their lives. DuringShow MoreRelatedThe Great Depression and President Herbert Hoover783 Words   |  4 PagesTaking office the same year as the Great Depression, Americas thirty first president, Herbert Hoover greatly impacted the lives of many Americans. It has been stated that the stalk market crash was to blame for the greatest economic downturn in American; however, Ex-President Hoover made critical mistakes during the depression that he would be blamed for the rest of his life. 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