This chapter particularly talks about the Great Depression. This started when the stock market crashed on "Black Thursday". The significance of this date will always be remembered as the start of the Great Depression. This hears about the national feed and in the nation's crisis, it has always been one of the most tragic events to hit US. Jobs and unemployment went down to 25% where people had to look to others for their bank such as neighbors, church, and other family members to help pay the rent. Lost homes was one of the biggest statements out there. Either the house was overvalued or there would be a housing problem and the families are forced to leave their homes. Sadly the world bank did not have the cash for the citizens to meet their ends, and a lot of for closure went on during this time.
After Roosevelt became President, he did everything he could to strengthen the world's banks. What surprised me was how long the Great Depression took to finally get over, and makes me realize how much we have overcame that time since then. I'm thankful we are not in the same position and we have came up with a system so the US wouldn't have to go through something like the Great Depression again.
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