Cinderella Man Essay

751 words - 3 pages

Cinderella Man is a flim based on the rise of World Championship boxer James Braddock. Braddock's life was affected heavily by the great depression, and the film does well to show this. The film also does a good job of chronicling the life of the everyday man during the great depression. This essay aims to discuss the role of the stock market crash in the beginning of the great depression, the effects of the depression on the life of the everyday man, and the effects of the depression on the life of James J Braddock and his family.
There is no doubt that the stock market crash contributed to the great depression, but how? One way that the Crash contributed to the depression was the loss of money it caused to the average man. It is believed that in the first day of the crash almost a billion dollars were lost, this took a large amount out of the pocket of the common man. Without this money people were unable to purchase consumer goods, which the United States economy was based on. Another way the Crash contributed to the depression was the loss of confidence in the market. When the stock market crash it came to many as a complete surprise, and made the Market seem unstable. To investors it made buying stock seem dangerous and so many did not buy stock at all, this caused a huge loss in the value of business or even the ability for business to survive without investors. Perhaps the most important example of the Crash's contribution to the depression was the bank closures it caused. It is said that more than 4,000 banks failed due to the Stock Market Crash. This obviously caused a huge loss of cash for not only the banks but the banks customers. The stock market crash played an essential role in causing the great depression for several reasons: taking money out of the hands of the average man, causing the closures of banks, and losing investor confidence.
Many consider the Great Depression a tragedy but few actually know the ways in which it actually affected the people who lived through it. One way it affected the people of the time is the...

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