STOCK MARKET CRASH 1929-1930
WHAT DID PEOPLE DO IN THE 1930's FOR FUN
The families all had radios in their house so they would listen to the Yankees play on the radio. Teenagers would go to diners and listen to big bands and dance for along time. People for the 1930's would say that America was a DREAM but, when the Stock Market Crash came it all turned as a huge NIGHTMARE that nobody could wale up from. After that Parents had trouble keeping their kids in school and providing for them too. teachers lost their jobs and other people were too. the only thing that could keep them happy was Monopoly the game about having a lot of money.
THE HUGE STOCK MARKET CRASH (THE GREAT DEPRESSION)
The whole thing started in 1929 and it was not good because business started to lose money. President Herbert Hoover saw that the high marketing prices were effecting the people. More and even more companies were going out of business,even the big rich people were losing all their money too. It effected everyone. The biggest one was the Stock Market lost 90% of value. Irving Even was wealthy with money lost all his money and house during the Crash. The reason why is (NO WORKERS NO MONEY). The people that still had jobs didn't get enough money because there bosses had to fix thing that would go wrong. Even the invention in the U.S was hurting the people too. The Crash didn't Stop until 1932.
SOLUTION TO STOCK MARKET CRASH
In 1932 the business started back up using limber turning it into matches. Mendel mad trees into packing materials, primarily for daily necessities like tobacco and soap. Only 13 companies were strong enough to go through the Stock Market Crash.The one with all the cigarettes,cigars and tobacco,and sugar, confection products, fats and oils. They gain between 1.6&7.5%. All the bad things made it through the Crash of 1929-1932. The greatest was logging. Barrie Wigmore talked about how he focus on the positive and not depression. More and even more people were getting their jobs back and people were getting their money too. The Stock Market Crash was not being effected anymore people. People were living in their houses,no more debts,lives without depression.
The Crash of 1929 & The Great Depression (PBS) 1of6