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Great Depression
The Great Depression was a hard time for practically all Americans. First of all, it was caused by a multiple of things all happening at practically the same time. Family life changed to including the health of the American people. Lastly the federal government tried to help people with varies programs, some worked some failed trying.
All of the hype for the stock market in the roaring twenties lead people to believe that money was to be made for everyone. People began borrowing money to buy stock; others took it as far as borrowing on the collateral of their existing stock to buy more stock. Brokers loans went form five million dollars in 1928 to eight hundred fifty million dollars in 1929. Since the optimism was all a false hope investors begin to lose confidence , thus; the stock market crashed and took everybody down with it. This was not the only reason as some may believe. The government play
Approximate Word count = 610
Approximate Pages = 2 (250 words per page double spaced)
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