in ,

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

The Great Depression. We have all heard about it. But can you imagine what it would have been like to have lived through it? It’s been 90 years since the official start of the Great Depression.  Looking at photos from Black Tuesday (October 29th, 1929) the day the stock market collapsed gives a little insight to how it must have felt . The confusion and fear can be seen on people’s faces.

1.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

Starting October 24th, 1929, the U.S. stock market began to fluctuate. This was the beginning of the collapse.

2.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

By October 29th, the market had fully collapsed. It was so bad that it was dubbed, “Black Tuesday”.

3.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

Many people were caught off guard by this sudden collapse, as preceding years were good for the market.

4.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

At this point, people knew things were going to be bad. But they had no idea how bad.

5.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

Some people lost everything in the stock market that day.

6.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

This is the floor of the stock market on Black Tuesday. Total Chaos.

7.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

The collapse destroyed consumer confidence in the economy, which impacted consumer spending and further accelerated the downward spiral. 

8.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

Although it took until fall 1930 for the first bank to fail, there was a run on banks with people trying to withdraw their savings.

9.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

This is a shanty town that sprung up in Central Park in New York City during the early years of the Depression.

10.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

Jobs were scarce during this time. Here are hundreds of men lined up to apply for just a single position.

11.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

At the same time, the Midwest was also devastated by sever drought and dust storms known collectively as “The Dust Bowl”. Here is a dust storm blowing in over the National Mall in Washington D.C. in 1935.

12.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

In the years following the stock market collapse, sights like this were increasingly common.

13.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

It would take until 1932 and the election of FDR for meaningful reforms to be implemented to combat the Depression.

14.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

This man’s sign is honest and heartbreaking.

15.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

City council man, Mr. Barlow, and Treasury Secretary, Mr. Jil Martin, burning 100,000 dollars of “scrip money” (after the banks’ closure), April 1933, United States, National archives. Washington.

16.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

The only home of a depression-routed family of nine from Iowa.

17.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

A woman who has been injured in an unemployment demonstration during the Depression in Bristol.

18.

18 Pictures That Capture The American Struggle During The Stock Market Collapse of 1929

Perhaps the most iconic and symbolic image of the time period is this photo of Florence Owens Thompson, Migrant Mother.

Even after looking at these pictures I can’t even imagine the desperation and helplessness that these people felt during the Depression. Next time someone complains about how hard their life is maybe I will show them these pictures and let them know that it’s not so bad.

Leave a Reply

Your email address will not be published.

Loading…

0

What are your thoughts?