Section 1
Stock Market Crash Starts the Great Depression
Key Idea
The 1920s were a time of good fortune for many Americans. Businesses were growing, and people felt hopeful. This period of prosperity ended suddenly in 1929 with the stock market crash. The value of businesses dropped quickly, and many people lost their savings overnight.
This event marked the beginning of the Great Depression, a long period of economic hardship across the country. Banks failed, factories shut down, and millions of people were left without jobs or money. This difficult time would change the lives of people all over the United States.