Have you ever heard of the term turning point? What do you think it means? Think about it and click on the clock below to compare your answer.
Now that you have an idea of what a turning point is, can you think of a turning point in your life? Maybe your first day of high school or your first visit to a college campus were turning points in your life. For many students, graduation day may be a turning point.
A turning point is an important and decisive time or event when a significant change happens. Similar to the turning points that have changed the course of your life, there are turning points that have changed the course of history in the United States.
Turning points in history can be events or ideas that have an economic, social, or political impact. Some of the turning points in U.S. history happened a long time ago, while others are more recent. In this lesson, you will learn about some of the turning points in the history of the United States.
An example of a turning point in U.S. history is the beginning of the Great Depression, which was caused by the stock market crash of 1929. The 1920s was a decade of many economic, social, and political changes. The economy of the United States grew quickly as a result of nearly a decade of economic prosperity. There were many goods manufactured and plenty of consumers ready to buy.
Many industries grew during this time, and in turn, trading on the stock market also increased. The decade was also marked by an increase in jobs and higher wages. With more money to spend, people also invested in the stock market, causing stock prices to rise. In this bull market, Americans began to borrow money to buy stock.
On October 29, 1929, the stock market declined rapidly, and prices quickly sank. The stock market crashed, setting off a series of events that would lead the United States into a deep economic downturn that lasted for almost a decade.
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What is the turning point of the beginning of the Great Depression?
Turning Point: The beginning of the Great Depression marked the start of a decade of high unemployment and the failure of nearly half of the banks in America. Many Americans lost their jobs and homes due to the depression. The depression began in the United States with the stock market crash in 1929. The country did not fully recover until a wartime economy was implemented after 1939 when World War II began.