In October of 1929, on what would be later dubbed "Black Tuesday", the stock market in New York would suffer a catastrophic crash unlike anyone had ever seen. This involved a massive unloading of stocks by stockholders following a sharp decrease in stock prices. This crash would nearly destroy not only the economy in the United States but the entire world would soon follow. The DOW Jones, the entire stock market value, would lose close to ninety percent of its value. There was no business that went unaffected. This devastating crash would be the launching period for what was known as the Great Depression. Which would last until World War II. During this time, the unemployment rates for the country would reach nearly twenty-five percent. Suffering was abounded as people and families would be out of work and starving. Migrations to shabby encampments known as Hoovervilles would be common place in urban areas. Named in blame of President Hoover, whom citizens blamed for not offering solutions or aid to the American people at the time. Others chose to head to major cities in states like California in search of employment. This hardship was one of the factors that lead to those whom lived through it to be dubbed “the Greatest Generation”.

History.com Editors. Stock Market Crash of 1929, History.com. 28 Mar. 2022, https://www.history.com/topics/great-depression/1929-stock-market-crash.

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Great Depression Facts, FDRLibrary.org. 28 Mar.2022, https://www.fdrlibrary.org/great-depression-facts.