The United States faced many problems, including financial, economic, and political, during the Great Depression. The Great Depression began on October 29, 1929. The Great Depression was not an event that occurred instantly, but was caused by a chain reaction of events that occurred throughout the Roaring Twenties . The infamous day that resulted from all of these events is widely known and recognized as “Black Thursday”. With the start of World War I, the United States was more productive than ever, and by the end, it became a country with a stable economy. Factories used to produce guns and other necessities for World War I were replaced by cars, telephones, and other popular new items that people wanted. The products, people started using credit. Credit involves borrowing money in exchange for paying it back. Vast amounts of credit were borrowed, more than people could ever afford and repay. Banks were starting to fail due to loss of unpaid money, careless lending of money and many declared bankruptcy. ...