Hey Grandma can you tell me a story about when you were my age, i want to kn---
The Great Depression lasted from 1929 to 1939, and was the worst money-making slip in the history of the business world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
In the fall of 1930, the first of four waves of banking panics began, people were forcing banks to repay loans in order to insert their poor cash reserves on hand.
Bank runs swept the United States again in the spring and fall of 1931 and the fall of 1932, and by early 1933 thousands of banks had closed their doors.
By 1933, when the Great Depression reached its lowest point, almost 15 million Americans had no job and nearly half the country’s banks had failed.
After showing early signs of recovery beginning in the spring of 1933, the economy continued to improve throughout the next three years. And that is my story, Good night.