Boom to Bust by paula ardissone


people were left devastated after news of the sock market crash was released forever dubbing the day "Black Tuesday"

October 29th, 1929 tragedy struck America. This was the day the stock market crashed. people all around the country frantically sold their stock in fear of losing all the money that it was worth. As people sold quickly the prices of their stock begin to decrease. on this day, people all over the country understood that their lives would no longer be the same.

people either sold their homes or were forced to move out

In a matter of days, the economy was in ruins. People lost thousands of dollars in savings deposited in the bank and were forced to sell their homes, cars, and luxury items.

after being evicted or having to sell their homes many were left without a place to live leaving them to hoovervilles

Unfortunately after being evicted many people were left without any money to buy new homes, leaving them homeless. This resulted in many people living in hoovervilles which were large areas where people without homes would make shelter out of crates or cardboard boxes.

People were never concerned about money. Only about having fun

Before the great depression, people lived a very materialistic lifestyle, people grateful on looking their best and having to akin to all the latest fads. People lived in large houses and expensive apartment buildings. During this time people spent a lot of time out and about instead of at home with their families.

modern vs traditional

Millennials of the time were out creating a new kind of image for themselves so most of the time the only people who were always at home were women and small children.

teenagers didn't agree with their parents traditional ways

Women or mothers could not control their teenagers who were always leaving the house and doing things while they were out. Teens were hoping to make a statement by rebelling the beliefs of their parents and having their own new less conservative beliefs

before the depression people enjoyed going to restaurants to eat but after people could barley afford eating at home

In the 20's women, rarely had to cook at home because people went out to eat so often. Then in the 30's women who still had homes were forced to become stay at home mothers cooking and cleaning for their families, people gave up eating out and dressing for being grateful for even some food or some clean clothes. Luxuries were no longer available for those who once had them.

communities were often very segregated

Home life also changed for the African Americans, for starters, in the 20s black neighborhoods and white neighborhoods were separate. there were almost no places you would see where whites and blacks lived in the same neighborhood

thousands of black Americans moved from the south to the north in search of a better life

not much changed for the African Americans in respect to life at home after migrating to the north in search of a better life except the blacks were the first to be laid off and to be evicted from their homes. Segregation and discrimination continued despite the fact that everyone was in the same situation struggling in the same situation.


9 out of 10 home-owning Americans had a radio in their homes

After the shock of losing everything so suddenly passed, people understood that their days of glamor were over. They spent most of their time at home, huddled around their radios, listening to music or to FDR's fireside chats. Often times the radio was the only thing of value left in people's homes, despite everything they lost 9 out of 10 Americans still owned a radio. And those who did not would listen in on other peoples radios.

women stayed at home and cooked

For women, leisure time was not spent out partying anymore, they were forced to stay at home and provide food for themselves or their families.

when making do got tough people were offered the option of getting free food in soup kitchens, for those who couldn't afford to feed themselves

While most Americans found a way to make to do others were not so lucky. Some people did not even have enough money to get some food to eat. They were given the option of going into a food kitchen and receiving free food.

African Americans started the Harlem Renaissance in the 20s, their love of music carried on into the 30s

For blacks, leisure time was not so different either, after the Harlem renaissance people began using things like music and literature to express themselves. In the midst of all the chaos and despair, they used music as a getaway.


In the 20s the economy was booming. It was the best it had ever been. People bought shares of business stocks and made lots of money in their companies, people were buying more and more things and time and putting too much faith into bank systems and thinking that everything would remain the same and nothing bad could happen to them since they were already doing so well.

people families were unsure of how to provide for them anymore

they were wrong, and as people began to lose some trust in the system stocks began to sell fast. As the stocks were being sold and people were collecting the money from the value of their stocks the prices began to drop frantically. More and more people were going to withdraw their savings from banks. But since banks were not safes used to store money the banks were missing some of the money that was supposed to be for the people

people held up signs in the street hoping to be offered job interviews

Before the depression, the 20s was a perfect time to open a business. companies that were no longer in use after the war could re-open and do things that were more useful to the economy. but after the crash businesses were losing money, people no longer could afford to buy anything so having the company at all was virtually pointless. Stock brokers were also doing very well before the crash. Many people were investing in stock and the people collecting the money were the stock brokers. They got millions of dollars that were being invested in stock, after the crash investors were most of the time unable to pay off debt, leaving the stock brokers with less money than what had been invested initially.

republican president vs new deal democratic president

In the 20s the government had a very strict hands off policy called the laissez faire. It made it so that business could do whatever they wanted without government involvement. After the crash, the policy stayed Herbert Hoover who was the president at the time did not get involved very much at all, causing protests and angry people. After the election rolled around the people elected Franklin Roosevelt, they hoped he would keep all his promises and help the economy rebuild once again.

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