The economic policies of the federal government starting in 1921-1929 were responsible for the depressions of 1930. The prohibition was the start to all of this. Their biggest source of money was alcohol and since it was no longer legal, they lost all incomes. Later on in years, people started playing in stocks, even banks. They spent money thinking that the stocks would make them more money and enough for them to keep for themselves. But on Black Tuesday the markets crashed and made banks lose money which on turn made people lose money. All these economic policies made Americans feel lonely and they began to fight for themselves. They tried but it didn’t work so they had to suffer through the depression until things got better.The economic policies of the federal government starting in 1921-1929 were responsible for the depressions of 1930. The prohibition was the start to all of this. Their biggest source of money was alcohol and since it was no longer legal, they lost all incomes. Later on in years, people started playing in stocks, even banks. They spent money thinking that the stocks would make them more money and enough for them to keep for themselves. But on Black Tuesday the markets crashed and made banks lose money which on turn made people lose money. All these economic policies made Americans feel lonely and they began to fight for themselves. They tried but it didn’t work so they had to suffer through the depression until things got better.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s