Children , Parents , Elders... struggling to make ends meet.

This... is The Great Depression. Remarking the greatest decline in our Global Economy ever known.

But as we all might not know already , when majority of people in a society become too happy and mindlessly spend on things expecting something in return... Things won't end well.

These market crashes worsened after the three following days which started from 24 October 1929 , Black Thursday with a market crash at 11% , followed by Black Monday with an additional market crash at 12% more , then finally reaching it's peak market crash on a Black Tuesday with another 11% drop.

Thousands of investors are wiped out , Billions of dollars are lost and most of the stocks could not be sold at any given price.

Actions to stabilize the market often failed. Despite recovering 12% of the market on a Wednesday , efforts are merely ineffective since significant damages had been done.

From September 1929 to 8 July 1932 , the market lost 85% of it's market value.

Among all the 608 banks that closed down during the crisis , the Bank of United States is accountable for a third of the total $550 million deposits lost , with its closure , banks that fail reached a critical mass.

Many major currency start to leave the gold standard when The Great Depression took place. United Kingdom was the first one to do so. Japan and Scandinavian countries (Denmark , Norway & Sweden) followed through this trend in 1931 as well.

Although , countries like Italy and the United States remained on the Gold Standard regardless.

Economists had a common view that Roosevelt's New Deal policy either caused or accelerated the recovery , even so , his policies were never aggressive enough to pull the economy out of recession.

Some economists also came to the attention of the positive effects from reflation (a fiscal or monetary policy designed to expand output) and rising nominal interests that Roosevelt has warned about.

Despite such efforts during his presidency , John Maynard Kaynes did not think that he single-handedly ended The Great Depression because it seemed politically impossible to him for a capitalistic democracy.

Instead , According to Christina Romer , the money supply growth caused by huge international gold inflows played a big role in the United States recovery from the Depression. The recovery was attributed to monetary factors (circulation of money within an economy) according to a book written by Milton Friedman and Anna J. Schwartz , "A Monetary History of the United States".

The Depression had also caused other economies in different countries worldwide to be affected as well since most of their market lies in the United States market.

Desperate measures were taken to ensure a way to escape the crisis such as leaving markets in order for predictions in recovery to be more reliable.

The United States on the other hand , started to recover when Roosevelt Years start to take place , with Franklin D. Roosevelt's being in the office , his policies slowly worked their way out to regain economic growth , being free from The Great Depression.

It is truly fascinating to see how human actions especially as a whole society , influenced with greed , can significantly destroy a whole economy!

And lastly , it amazed me how they still managed to regain control and recover from such tragedies , thanks to economists who worked hard understanding market trends.