After Black Tuesday (October 29th, 1929), there was more uncertainty in the air than almost any other time in our country's history. It was on this day that the U.S. stock market crashed and high rates of unemployment, deflation of the dollar, and poverty followed soon after. Depression was ahead and this left everyone very uneasy. According to economist Milton Friedman, "the stock market in 1929 played a role in the initial depression. It clearly changed sentiment about and expectations of the future, shifting the outlook from very positive to negative, with a dampening effect on investment and entrepreneurship."
People lost almost everything and were facing serious hardships about where to eat, where to live, and where to work. Many other countries were also affected, with severe declines in production, agriculture, building, and importing and exporting raw materials. The Great Depression was a decade full of hardship and worries and very few people went through it unscathed.
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