The Stock Market Crash

The stock market crash of the 1920s was severely detrimental. Not only was the value of money decreased causing inflation, but people became homeless, jobless, and even more poor then ever. Business's, banks, and farming failed.
My personal thoughts on the Great Depression surround technology. Back then, the only way information was really transfered was word of mouth to the poor, newspapers and radios to people who owned them to the rich. I mean, it was pretty difficult to keep in touch with anything that was going on in the world back then. Yes, the stock market crashed and many people suffered. I kind of think of it like. It takes 8 minutes for the light of the sun to hit the Earth, but within that 8 minutes of wait time the Earth would be oblivious to the fact that the sun burned out 5 minutes ago. Make sense?
Back then, information was not readily available like it is today.
The Depression forced the world into crisis mode.
No one had the funds to pay for what was sold, and the ones that could; would buy less of what they wanted because they had a family to feed at home.
Tariffs were popular, ghettos were abundant, the gap between the rich and the poor was farther away then ever and the gap between the poor and the middle class was just the opposite.

The depression of 2008 is a lot of the same but different.
I remember once at work [at the Vet] getting a note in my mailbox that said we were not going to get 25 cent annual raises that year because of economic depression.
People couldn't afford to board their dogs when they went on vacation anymore.
Everyone was outraged.
and I think that was the start for me when I noticed that things were going into peril.
This time, everyone knew about what was going on. The stocks crashing were news events, people texted about it, the information spread like wildfire. The housing market collapsed and banks were greedy.
The awareness, in my opinion, probably made things worse. The more people knew the more people paniced. This time it's different though.
In 2008 we are stable enough to keep ourselves together, stop boarding our animals at the vet, stop going on vacation, take away the leisure activities was the first step. In the 1920s, there wasn't any of that. Leisure activities were only set aside for the rich to begin with. The 1920s brought about prohibition, rebellion, and promiscuity. When the market crashed it led to war.

Today, we are slowly bringing ourselves out of it, but it's not perfect. We face the imaginary threat of war based on prior expirences

We still aren't getting yearly raises at work.