Great Depression was an immense tragedy for Americans. It was the beginning of involvement of government in the economy. After a decade of prosperity and optimism, the United States of America was thrown in despair on October 1929. The whole stock market got crashed and the Great Depression began officially. That day is known as Black Tuesday. There was no hope of the recovery of stock prices. Masses of Americans tried to sell all the stock but there was no buyer. At that time, the stock market became the path of bankruptcy. After the crash of stock market, the banks had to close forcefully as they had invested the savings of their clients in the stock market. This caused a lot of panic and people rushed to the opened banks for withdrawing their money.

The Great Depression caused the unemployment to reach 25% and the wages of employed people fell...
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