Stock Market Crash

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Stock Market Crash

Category: Textual Analysis Essay

Subcategory: History

Level: High School

Pages: 1

Words: 275

Name of Student
Name of Supervisor
Subject Code
Date
Stock Market Crash
Dear aunt,
Hope this letter finds you in the best of health and in good spirits. It’s been a long time since I last wrote to you but you will surely forgive me when you learn of my circumstances.
As you know, I was working as a manager in an automobile factory and was doing reasonably well. But, due to the stock market crash all my investments have become worthless and my company is at the doorstep of bankruptcy. From the three-bedroom apartment in the suburbs we have shifted to a single room flat and all seven of us are living there now. I don’t know for how long I will be able to keep my job. Moreover, with an unemployment rate as high as 30% chances of finding a new job are really low (Harold 29).
Amidst all this bad news, there seems to be a ray of hope in form of the presidential elections, which are right around the corner. The fight is between the incumbent president Herbert Hoover and the democratic candidate Franklin Roosevelt. I find Roosevelt’s vision of American future and the concept of new deal extremely promising. It seems that if he comes to power he will be able to find solutions to the problems plaguing this country (Salsman 16).
Even though America is the land of great opportunities, sometimes I wonder if living in Europe is easier. Hopefully, these elections will bring a turnaround in its fortunes. With hard work and dedication, and a bit of luck I hope to make a life for myself in this nation.
I apologize for being the bearer of bad news, but don’t take it too close to your heart. I am still optimistic about our future. Convey my regards to uncle.
Love
Your nephew
Work Cited
Harold Bierman, Jr. The Causes of the 1929 Stock Market Crash: A Speculative Orgy or a New Era?. Greenwood Publishing Group. 1998. Print.
Salsman, Richard M. The Cause and Consequences of the Great Depression, Part 1: What Made the Roaring ’20s Roar. The Intellectual Activist . 2004. Print.