Thursday, September 19, 2019

The Great Depression in America :: essays research papers fc

October 29th, 1929, a day in history that I will never forget. My name is Bob Bigsby, and I survived The Great Depression. My survival was all due to two of the hardest working people I have ever met, my mom and dad. It was just the three of us living in our small two-bedroom house in New York City, right outside of Manhattan, home to Wall Street and the New York Stock Exchange. I was 11 years old at the beginning of the Depression; old enough to remember some of the worst sights and experiences I have encountered till this day.   Ã‚  Ã‚  Ã‚  Ã‚  Black Tuesday, October 29th, 1929, was, as I remember, the day that the whole stock market went to hell (Gupta 17). All the stocks began to plummet at the fastest speeds ever recorded in history. There are many arguments of how and why the stocks did crash on October 29th. I believe that it was due to President Hoover, the current president at the time, keeping the Federal Reserve from expanding the money supply while bank panics and billions of dollars in bank deposits were lost (Gupta 19). Basically, the stock markets crashing began a chain reaction, which ended in what we call, The Great Depression (Nelson 1). But the how’s and why’s are not very important because nobody really understands that economic â€Å"mumbojumbo† that analysts and experts talk about. The thing that is important is what went on during the Great Depression after Black Tuesday.   Ã‚  Ã‚  Ã‚  Ã‚  Our family had a small turkey farm that contained about 200 some wild turkeys. It was an â€Å"ok† business before the arrival of Black Tuesday. We had to buy the feed for the turkeys on credit because we were just getting started with this business and couldn’t afford to pay for the feed just yet. It was our job to make the turkeys nice and plump so that they would attract customers during Thanksgiving. Last year we made a killing off of our turkey sales, we were able to pay off all our debts and still have enough money for good Christmas presents. My mom and dad were greatly anticipating this years Thanksgiving sale, because we had twice as many turkeys as we did last year. We were only about a month and a half away from Thanksgiving. Spirits were high. I remember just chasing the turkeys in the field without a care in the world.

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