The Great depression was a very critical time for the United States. It was in economic disaster caused by a combination of domestic and worldwide conditions such as the stock market crash, bank failures, unequal distribution of wealth, over speculation in the Stock Market and margin buying. It was different from our recent economic down fall because it was twice as long and more severe.

The stock Market Crashed in October 1929. Many investors had been investing for a long periods of time and lost all their money. The stock market continued to plummet over the course of a few days at that time; the stock exchange typically traded around 4 million shares each trading day. But on Black Thursday, a record 12.9 million shares were exchanged. A great number of investors were purchasing stock on the margin, meaning they put 10% of the investment and borrow the remaining 90%. For example,
if $10 worth of stock was purchased, the investor put in $1, while the
mortgage broker put in the other $9. It was a good deal as long as stocks
were gaining value. However, if the stock lost value, the stockbroker would
issue a margin call requiring the investor to pay back the loan. In the
example above, not only did the investor lose the $1 he invested, he also
had to pay back the $9 he’d borrowed.

Bank failures also contributed to the GD. throughout the 1930s over 9,000 banks failed, Bank deposits were uninsured and banks failed, which meant that people simply lost their savings. The banks that survived closure and failure stopped giving credit and as a result business started failing, and people also had less money to spend

There was over speculation in the Stock Market, which was not regulated. Many Americans purchased stock on credit, because they couldn’t afford to purchase the items up front, kind of like lay a way. This was known as margin buying

The Great depresion lasted lasted about three years, and caused many americans to be unemployedd for a long time. During the GD the rate of uneployment was at its maximum rate. Thankfully we are out of the GD thanks to President Franklin D. Roosevelt's "New Deal" aimed at promoting economic recovery and putting Americans back to work through Federal activism. New Federal agencies attempted to control agricultural production, stabilize wages and prices, and create a vast public works program for the unemployed.

October 28

The city is a very expensive place to live, especially in the higher rank areas. Take New York for instance, Manhattan is a beautiful city but is very pricy But to some people you can’t put a price tag for a better living environment and job opportunities which lead to more a more financial outcome. On the other hand if you are the type of person who likes peace and quiet and fewer crowds then the city is not for you. Do you think overspending all that money is worth the Hassle?

The living environment in the city even though it’s very expensive you can reap the benefits. I think that the city has a lot to offer to people with places to live. The housing in the cities isn’t really houses; usually people live in apartments and condos or lofts. Places that are not touching the ground, that way there is no maintenance for landscaping the to deal with.

City life offers a lot more people to have better job opportunities. Better jobs equals more money. But the more money you make all depends on what field you taking and your level of education. There are so many factories and business buildings in the city. It’s like every corner there is a big building looking dead straight in your face. The majority of the city building is more corporate estates then anything else.

Now the negative part of the big city life for some people is the loud noise the city embarrasses. It’s like Vegas it never sleeps, which can be bad for people who like the peace and quiet.

Also the population in the city is very large. This may also be a negative mark for some people who are claustrophobic and can’t be around large amounts of crowds.

Personally if anyone to ask me would I move to the city my answerer would be yes. The living environment is good and the job opportunities are endless. You can be anything you want when you move to the city; you’re experienced to something new. Yes, it’s worth the hassle to be happy in living in the city if that makes you happy.