How did the Great Depression play a role in the criminal lives of Bonnie and Clyde? During the 1920’s, the United States economy grew rapidly, and many Americans became more prosperous. The stock market began to fluctuate and on July 8th, 1932, it reached its lowest value which caused the Great Depression. Banks and investors lost large sums of money, and this caused uncertainty about the future of the economy. Consequently, it led to consumers to cut back on purchasing goods and services. These factors contributed to making the Great Depression worse which lasted a total of eleven years from 1930 to 1941 and is now a big part of our history. Bonnie Parker and Clyde Barrow became criminals due to their upbringing. Both were poor, and to add to that the Country was heading into the Great Depression which caused uncertainty of the future of the country's economy. In "Stock Market Crash of 1929" We learn about the collapse of the United States stock market, which was one the biggest contributing factors that led to the Great Depression. In the article it talks about where it all started which is in the 1920's.
During the 1920’s, the United States economy grew rapidly, and many Americans became more prosperous, the average price of stocks on the New York Stock Exchange increased about six times from 1921 to 1929. The increase in share prices caused many people to believe it would keep going up and many people begin to speculate, which means to invest in stocks, property, or other ventures in the hope of gain but with the risk of loss. The stock market closed on October 23rd, 1929, The Dow Jones Industrial Average, which tracks stock prices of 30 major firms, shows the price trends of stocks traded in the United States. The following day, October 24, known as “Black Thursday,” the stock market average dropped. On October 28, share prices fell again and the stock market lost nearly 13 percent of its value. On Tuesday, Oct. 29, 1929 known as "Black Tuesday "shareholders panicked. A massive sell-off of shares caused the stock market to fall almost 12 percent. By mid-November, stock prices had dropped about 48 percent. After the big drop in stock prices, the stock market began to fluctuate and on July 8th, 1932, it reached its lowest value which caused the Great Depression. Banks and investors lost large sums of money, and this caused uncertainty about the future of the economy, which led to consumers to cut back on purchasing goods and services. These factors contributed to making the Great Depression worse which lasted a total of eleven years from 1930 to 1941 and is now a big part of our history.
* To read Sal's complete Film History Research Paper, please click on the following link: Bonnie and Clyde.
* To find out "What The World Never Knew About Bonnie And Clyde," please click on the following video:
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