[Applause] hello and welcome back to history videos for kids today we are going to be talking about the Great Depression shortly after the end of World War one life in America seemed to go back to normal actually even better everyone was happy we shot em all offenders [Music] Architects were coming up with wonderful plans to build i catching skyscrapers all sorts of other enchanting buildings and everyone seems to be doing well financially it was great people are reading acting singing hey dancing Americo is hot only energy in the United States nothing seems impossible it seemed
as if new ideas came every day to make the United States even more noble it was beautiful but in 1929 is wonderful new moon life dies all throughout the 1920s the Roaring Twenties to be precise thousands of people invested and spent their precious money or what we call the stock market now I'm sure you know where markets is a place where people can sell things as well as fiber any stock market you buy stock what is strong soft is a little bit of a company and so when someone cries stop they're receiving a tiny piece
of a company however a person had to sell for the company and if they found someone that is willing to buy part of it there is the other place called Wall Street in New York City this location is called the New York Stock Exchange good for making money and summon it in lots of it in the 1920s the stock market seems like the best place to get my fast hands the more money we put in the more money you get out of it the company paid well as a result thousands of thousands of dollars are
on stocks as this continued people begin to realize mother was becoming more and more scarce so in 1929 the New York Stock Exchange did not just slow down but it crashed and came to an abrupt stop so when the people saw this they began selling their stock and as more people attempted to sell their stock the price went down the frantic styling of stocks lasted for a week and this long and dreadful week was known as a Wall Street Crash on October 29th 1929 the worst day of that week of Tuesday was soon known as
black Tuesday on black Tuesday 14 billion dollars were lost instead of making money people were in debt and had many loans to pay off the shortage of money was so crazy that even the banks had to close no one had money it was a struggle to buy the necessities and other things such as clothes and cars were completely out of the question if you lived during the Great Depression you would find that you had a very little food and no birthday or Christmas presents some children might receive an orange or another piece of fruit for
Christmas and they were considered lucky when the 1930s rolled around people began calling it the Great Depression when people thought it can get any worse the country experienced harsh weather which destroyed many farmers fields and crops the Great Depression lasted for about ten years and there is no doubt that it was one of the most difficult times in America's history well that wraps up our history lesson see you next time [Music] [Music]
