The Great Depression of the United States in 1929 is an unprecedented economic crisis in American history. How miserable is this crisis? Aside from the apparent data of bankruptcy and corporate bankruptcy, the abnormal death toll in the United States is as high as more than 7 million. Most of them died of suicide, either long-term malnutrition, alcoholism, and lack of money to cure diseases. It can be said that the economic crisis that lasted for ten years has made Americans feel an unprecedented crisis. Even the once rich middle-class active people took root and squatted on the street to sell apples. Of course, there are also various opportunities to get rich in the crisis. It can be said that they are poor and rich at the same time. It can be said that they are very magical.
people in street suits waiting for work during the Great Depression
Life before the economic crisis
1929 Black Tuesday Before , what exactly did Americans' lives look like? They lived a life of luxury and enjoyed an unparalleled life of unparalleled capitalism. At that time, the US economy was developing rapidly, various tax policies were exempted, countless skyscrapers rose, the automobile industry, the film industry, and the catering industry were booming, and Americans were also accustomed to paying in installments, which was a fashion at the time.
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Of course, if there were no Black Tuesday, such a day would be satisfactory.
Numerous vehicles caused street congestion
The economic crisis broke out
On October 29, 1929, the stock index plummeted 40%, and many investors couldn't stand it and jumped off the building directly. With the stock market plummeting, the US economic crisis completely broke out and ushered in the decade-long era of the Great Depression.
Children in shantytowns
After the Great Depression, 5,000 banks went bankrupt in the early stage alone, and more than 80,000 enterprises went bankrupt, which directly led to 14 million workers being unemployed. Because things could not be sold, farmers were also displaced and forced to flock to the city to make a living. During this period, many people were forced to move out of their original big houses because they had no money, and their original cars, home appliances, and going out for dinner were gone.
100 sell luxury cars
Many people are crowded in a small house, and a few children sleep in the same bed and even take turns eating. After all, there is not enough food, so everyone can only eat at one, three, five, two, four, and six. This is still good. More people don’t even have a house. Even a cheap bed of 30 cents a day can’t afford it, and they live directly in the shantytown or shelter they set up. The tent set up by
The income of the former glamorous middle class has also shrunk significantly. The income of these elite members such as bankers, lawyers, doctors, engineers has shrunk by more than 60%, and some even beg for a living from door to door.
Everything turned into a bubble
life in the Great Depression
ultra-high unemployment rate
The most terrible thing about the Great Depression is that there is no job. In 1932, the unemployment rate in the United States exceeded 25%. The first thing many people do every day is to go to various career introduction agencies to queue up for work. Although the introduction agencies may not necessarily have jobs, there is no other way except queuing. Therefore, many people gather and march in the hope of finding a job, even if they do a job of a dollar every Monday.
Waiting for work on the street
Why are you so eager to work? After all, when the economy was booming, they bought houses and cars with loans, and ten times the leverage went to the stock market, resulting in their card balance being less than three digits, and they had to support a whole family. However, the companies they worked for went bankrupt one after another after the Great Depression. They had to rely on relief funds before, which was decent and elegant, of course, were just a drop in the bucket. The former bankers begged for food in the middle of the night, and elite writers were in the crowd queuing to receive bread, and factory owners could only pick up some rotten meat and vegetables to go back. These things were countless.
queue to receive bread
At that time, the middle-aged American men who were 1.5 million were forced to abandon their families, and their wives and children were forced to become beggars. They once claimed to be the pride of heaven now have fallen to the point of begging, which greatly hurts their self-esteem. Therefore, many people are addicted to alcohol or embark on the road of crime and completely lose themselves in the Great Depression.
children looking for a job for their father
had to save themselves
After all, some smart people started to ride around and wander around. After all, the depression was still depressed, and the railways in the United States were still very developed. At that time, many unemployed people climbed up secretly on many freight trains and sat on the top of the train and ran all over the United States. Every time they arrived at a new place, these people got off the car and wandered around to see if they could find a suitable job. If they couldn't find it, they continued to wander, beg, or even steal.
is comparable to today's Indians
Once this place can't get along, they continue to climb the train and continue to wander until the next place continues to get along like this. Sometimes while the train is driving, they go back to their hometown and find that their hometown continues to live on a little relief money, and then continues to climb the train.
Of course, some extreme people will buy insurance for themselves and then commit suicide directly. In this way, their wives and children can survive on insurance compensation. There are still many people doing this and never go back after going out. Of course, this method makes it difficult for insurance companies to survive, so they directly use various bad means to refuse to pay compensation.
People looking for jobs everywhere
As for the middle class, they went to sell apples directly. Although the apples in the United States are booming, they couldn't sell them because they didn't have money to sell them. They directly sold these apples to unemployed people at extremely low prices. These unemployed people raised their prices slightly and then sold them to earn the spread. Therefore, some decent middle classes refused to receive relief funds and begged, and all went to sell apples. For a time, there were people selling apples in suits on the streets and alleys of the United States.
people wandering around
Overall, the Great Depression had little impact on the original poor. They were poor, but they only received fewer relief funds. The wealthy people didn't care and were not affected much. Therefore, the people who suffered the greatest harm were these middle classes.
Opportunities during the Great Depression
Takeoff of alcohol dealers
Of course, during the Great Depression, not every industry was depressed, at least wine dealers would not. As early as 1920, the United States promulgated the ban on making, selling and transporting alcohol in the United States. However, for those who are used to drinking, it is more uncomfortable than losing their lives, so it is impossible not to drink alcohol, especially during the Great Depression, when everyone can only rely on a little wine to numb themselves.
American
Therefore, at this time, those who brewed wine privately and liquor dealers made a fortune. In addition to liquor dealers, there were cigarettes. Alcohols could numb themselves and cigarettes could give people a sense of pleasure. Nowadays, liquors were drunk and they could drink and smoke some were rare. It was a rare time to put aside worries. Therefore, in the Great Depression, liquor dealers made a lot of money, and even did not pay taxes because of liquor ban, many liquor dealers and rich people were born.
Pour wine during the ban
The rapidly developing film industry
In addition to anesthesizing one's own alcohol and cigarettes, the sensory stimulating film industry has also ushered in a period of rapid development. A movie can make everyone fantasize about being the protagonist, realize all their dreams, and temporarily forget the pain now. Therefore, during the Great Depression, while the film industry has developed, a group of excellent movies and filmmakers have emerged. Comedy represented by Chaplin is the type that everyone likes, and of course there are epoch-making movies such as "Gone with the Wind" and "King Kong".
Chaplin
Of course, in addition to the movie and alcohol cigarette industries, cheap women's items such as lipstick, nylon socks , etc. are also particularly profitable. Even during the Great Depression, love for beauty was still a constant pursuit of women. However, because they had no money, they could only buy cheap lipstick and nylon socks. Therefore, the lipstick and nylon socks industry exploded during this period. In addition, the literary creation industry like movies also developed and drove the development of libraries. Public libraries became a club for the poor at that time. After all, they could read books, doze off, etc. at will, which was still a good place.
Gone with the Wind
It is worth mentioning that although Coca-Cola has also experienced the Great Depression, its low price and sweet taste have been welcomed by many people, and so we have ushered in the glorious development of Coca-Cola in a century.
Get out of the Great Depression
1933, after Roosevelt came to power, and after the efforts of the new policy and enterprises, the Great Depression was temporarily curbed. However, the real way to get the United States out of the Great Depression was indeed because of the outbreak of World War II . After the outbreak of World War II, the launch of the war machine gave the US economy a new vitality. Many men were summoned to the army, women entered the factory directly, and everyone began to serve the war, and finally allowed the United States to completely get out of the Great Depression era.
Roosevelt
So war is the only way for many countries to get out of economic crises and transfer domestic conflicts. All wars are initiated to plunder resources, and war is a very resource-consuming thing. Therefore, once the war begins, demand increases greatly, supply comes, and when it flows, enterprises will also add vitality. Of course, there will always be a win or lose in the war. Those who lose can only fall to the ground and be divided by other countries. Of course, after this time, there will inevitably be another one, so the war will never end.
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