Photo Essay Of Great Depression

Photo Essay Of Great Depression-8
The day when this happened is referred to as Black Tuesday, and it is the day when the stock market crashed.That was the official date when the Great Depression started.

The day when this happened is referred to as Black Tuesday, and it is the day when the stock market crashed.That was the official date when the Great Depression started.They could also not make it to feed their families, not mentioning themselves.

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The territory was affected so badly by drought and dust storms which were horrendous in nature.

They created a situation that was referred to as the Dust Bowl.

After the banks closed, people went bankrupt and could not claim anything whosoever. Industries and businesses were highly affected too.

This is because they were also working hand in hand with the stock market.

Since the stock market had closed down, this meant that their savings and capital were lost.

This affected the labor in the businesses since they had to cut on the number of workers who worked in the corresponding companies.

The stock market prices crashed to an extent that there was no hope for them to rise again.

A long period of panic struck, and there was darkness in terms of stock market prices.

Employees’ wages were also affected because any business could not pay them again as required.

The stock market issue also affected the customers in that they stopped buying and spending on luxurious goods. The Great Depression affected the farmers in a very adverse way.

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