the great depression
The great depression was one of the worst times remembered in United States history. During the late 1920's, the U.S. economy started going downhill. Some industries like the steel and railroad companies were in trouble. Also, farming suffered because there was a high demand for crops. Then, after the war the demand for crops dropped drastically and this hurt the farmers business. Now, Americans were buying less mainly because of prices rising. Many Americans had begun living beyond their means by abusing installment plans and they went into debt which caused them to stop spending money on stuff.The United States now had many goods, but little demand and this was not good for an economy. Then on October 29, 1929 the stock market crashed also known has "Black Tuesday". Millions of people lost their jobs, lost their homes, businesses were no longer blooming. Nobody knew what to do, it was a devastating event. Not only was the great depression an issue for the united States, it was a worldwide issue.