|The Great Depression1
The Great Depression
Welcome to the Depression. Your hungry, dirty, cold and unemployed. You need to point the finger and you point it at Hoover. The 1920ís was a time of great prosperity in the lives of most Americans and our natural human stupidity made us think it would stay that way forever. We had just come out of the WWI and business was booming, along with farming and the stock market. The future looked good, but people failed to understand that economies canít be good forever, it has to come down sometime. All of the signs of a depression were there; the farmers were producing too much, uneven income, easy credit and huge debts; people just didnít notice them. Not until October 29, 1929 black Tuesday anyway, when the bottom of the stock market fell out, taking millions of Americans lives with it. Even though any didnít admit it, they knew what was on the way. People who had been buying stock on margin suddenly found themselves poor and in b...