“The Great Depression”
The United States has changed a lot since its “Birth” in 1776. The United States changed for better or worse from The Great Depression, The Vietnam War, and The Attacks of 9/11. These life altering events formed America with tragedy, and destruction. Being the land of the free and the home of the brave. We rose up stronger and with hope. That’s what makes America great.
The Great Depression all started when the stock’s value started to plummet with no hope of recovery (Black Tuesday), people started to panic. Everyone who owned stock was trying to sell, but no one was willing to buy. This caused the stock market to suffer even more. The Stock Market Crash was only the beginning. Almost all the banks at this time put their clients’ money into the stock market.
When the stock market crashed, this made the banks go bankrupt. When news got around, anyone who had money in the bank was immediately withdrawing all the money they could. All the money being taken out caused any bank left to close permanently. The Great Depression had such a huge impact on the way America is today because it destroyed our economy.
We were forced to grow together as a country and rebuild. I think Dennis Hastert says it best “What makes America great is that we can come together during times of national tragedy”. The Great Depression also change how we run our banks. The government now has a program in place called FDIC Insurance. They will insure you for up to 250,000 per insured bank account. The fee is included in your normal taxes. This was put in place because of the Great Depression.
“The Vietnam War”
At the end of World War II Military and Political tensions between the USSR (Russia) and the US greatly increased. Communism in the USSR presented itself as a big threat to the US’s national security. Fearing that the Communism would spread to Vietnam and other countries, the US opposed the independence movement there.
The US first began by...
Please join StudyMode to read the full document