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  • 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.
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