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The United States Stock Market Crash

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On October 29, 1929 the United States Stock Market Crashed. It was devastating. About 16 Billion U.S. dollars went down the drain. I live in New York with my 2 brothers and sister: Jack, Daniel, and Maggie. We use to live in a pretty upscale apartment. However,The depression hit us like a train. My dad, Tom was laid off at his law firm right after the stock market crashed. He was desperate for money so he began work in a textile factory. Unemployment rates skyrocketed from a mere 3% to 25%! My mom, Jean, use to be a stay at home mom, but now works in a clothing sweatshop to put food on the table. With such little pay we were forced to move out of our beautiful apartment into a crummy run-down tenement. Shortly after, my father lost his job at the Textile factory. It 's 1931 right now and he hasn 't worked since. We couldn’t even depend upon our savings. Thousands upon thousands of banks were closed down, so we lost all of our money in the bank. My widowed aunt Celeste has also come to live with us. Her husband committed suicide after losing all his money when the Stock Market collapsed. My mom had to get a second job and make ends meet. But it just not enough. We were evicted from our tiny one bedroom tenement. We now reside in a Hooverville. We barely have enough money to put a little food on the table. My little sister has asthma and her medication costs a lot so she 's been sick lately. I mainly blame our financial situation on margin buying and President Hoover.

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