Jonathan Guzman 11/17/10
The Great Depression
Bankruptcy of banks
Most Banks went in bankruptcy and many people would rage outside the banks to close their bank accounts and get their money back. These acts were called runs, which means when tons of people surrounded and crowded the banks to protest for their money. Banks would be scared because they owe money to lots of people and also to many other banks and people because they were loaned money and expected responsibility.
For this Great Depression to start, there were many causes to it. Gamblers, these people would bet their money in many businesses of fun such as in poker, crime, games, etc. Another cause were people who used money on unnecessary things such as appliances, cars, televisions, etc. Big businesses also were at fault because they would lower their products and increase their prices on their products. These are only some of the causes of the Great Depression.
If you were a person who wasn’t wealthy and lost their money in the bank you could not do anything about your money, and would have to start life over. On the other hand, if you were wealthy and you had money in the bank you can demand your money back receiving it in another day. Banks in this time period would close their doors and not let anybody in because of fear of attacks, insults, demands, etc.
People who had cash and they had their money raised with them would save their money and start to limit themselves a lot for any purchases including food, drinks, entertainment, appliances, non-important stuff, etc. Other people in the U.S did not even have any money and would live in homelessness and severeness. Parents who were homeless with their children would watch their children starve (turn skinny), and suffer. Hoovervilles were common in this time. Hoovervilles were villages of all sizes in which homeless people had sort of homes (more like tents) and they would live their.
The chamber of converse, this was a chamber where most of the homeless receive their food if they have no other way of receiving food. The chamber of converse was basically a shelter, not really a place to live there, if not a place to survive. Some wealthy people decided to give money to these companies for many people to try to get back up (the kind and careful wealthy people).
The Great Depression was a monster, something that was extremely hard to escape. It was hard because if you had no money that meant that you could not pay for your needs. What I mean by needs are things such as food, drinks, clothes, rent of home, etc. If you did not have anything of this, it was most probable that you would not be able to survive. This monster, this depression was after everyone, including those who were wealthy, it would try to take their money in some way.
The Great Depression
Bankruptcy of banks
Starting in 1930 going though about another decade, people in the U.S suffered and suffered. Money caused depression for people and money was running out quickly. The last decade during the 1920’s was a decade of money, luxury, fun, and most of all gladness. That all was over when the money ran out and many banks couldn’t control money either. During the Great Depression if you had money in the bank it would most likely that you will lose your money.
Most Banks went in bankruptcy and many people would rage outside the banks to close their bank accounts and get their money back. These acts were called runs, which means when tons of people surrounded and crowded the banks to protest for their money. Banks would be scared because they owe money to lots of people and also to many other banks and people because they were loaned money and expected responsibility.
For this Great Depression to start, there were many causes to it. Gamblers, these people would bet their money in many businesses of fun such as in poker, crime, games, etc. Another cause were people who used money on unnecessary things such as appliances, cars, televisions, etc. Big businesses also were at fault because they would lower their products and increase their prices on their products. These are only some of the causes of the Great Depression.
If you were a person who wasn’t wealthy and lost their money in the bank you could not do anything about your money, and would have to start life over. On the other hand, if you were wealthy and you had money in the bank you can demand your money back receiving it in another day. Banks in this time period would close their doors and not let anybody in because of fear of attacks, insults, demands, etc.
People who had cash and they had their money raised with them would save their money and start to limit themselves a lot for any purchases including food, drinks, entertainment, appliances, non-important stuff, etc. Other people in the U.S did not even have any money and would live in homelessness and severeness. Parents who were homeless with their children would watch their children starve (turn skinny), and suffer. Hoovervilles were common in this time. Hoovervilles were villages of all sizes in which homeless people had sort of homes (more like tents) and they would live their.
The chamber of converse, this was a chamber where most of the homeless receive their food if they have no other way of receiving food. The chamber of converse was basically a shelter, not really a place to live there, if not a place to survive. Some wealthy people decided to give money to these companies for many people to try to get back up (the kind and careful wealthy people).
The Great Depression was a monster, something that was extremely hard to escape. It was hard because if you had no money that meant that you could not pay for your needs. What I mean by needs are things such as food, drinks, clothes, rent of home, etc. If you did not have anything of this, it was most probable that you would not be able to survive. This monster, this depression was after everyone, including those who were wealthy, it would try to take their money in some way.
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