Bank Failure
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Bank Failure
bank failed to return people there money back.
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My letter

my letter

Jonathan Forgas's insight:

Yonatan Forgas


4/23/1930

How my life changed threw out these years is just something amazing. Well let me talk to you about my self my name is Juan Hernandez I’m a single Mexican guy who lived in Mexico until the day that I had to move to the U.S. In Mexico life was very poor so I decided to move to the U.S. thinking that I was going to make money, well I was right I did make money. But let me tell you how everything started. It was one sunny day and I was thinking on how to make money. I kept thinking and thinking until I got the idea of going to the U.S. I’ve heard that they pay more money then what they do in Mexico. So it was settled I was going to the U.S. I had nothing to lose, I mean I didn’t have any parents I didn’t have anything. My parent left me when I was 13 years old; they left me because they didn’t have enough money to supply me with food are cloth, So they left me on my own. So there I was all on my own, time past by an I couldn’t find a job to get money for food. The good thing was that they had some places where they gave out food for homeless people like me. I would consider myself as a hobo; because I lived in the streets I didn’t have anything. Well when I was in the streets I met another hobo just like me he didn’t have anything and he didn’t have any parents to. He said that he’s parents left him when he was 11 years old, but he’s the same age as me. We both looked for jobs but we couldn’t find any, well sometimes we would find jobs, but only like for a day are so. A year past by, now I’m 17 years old, this is when I decided to go to the U.S.; I tell my friend what I was going to do I asked if he wanted to come along. He thought about it, and then he says yea sure. So it was settled we both are going to the U.S. hoping for the best, we didn’t know any English but we said that we are going to stick together threw what ever happens. Well we stared walking getting on trains to get to the U.S. it was kind of fun but at the same time we were getting very tired from walking. We been walking and riding trains for about 4 weeks now. We were starving so we decided to go to a farmers house an ask them for food. The old couple was kind enough to feed my friend, and me, I was happy that they gave us food and so was my friend. I didn’t ask for much all I asked was for food, but the old couple were so nice that they lets spend the night in their house. Well I was tiered and so was my friend so we decided to stay and start walking again in the morning. Well we woke up we were feeling better then never, I stand up an then I wake up my friend we go downstairs to say goodbye and thank you for everything to the old couple. We walk out the door and when we looked in front of us we had no idea what we were looking at it seem like a storm but the clouds are very big touching the ground, but it wasn’t a regular storm it was a sand storm. We went back inside and told the old couple what was heading tours us. We took cover and put shirts to cover our facieses the storm took about 30 minutes for it to pass by. After the storm was done my friend and me said goodbye to the old couple again. They said good-bye back and then asked us for our names I said my name is Juan and my friend said he’s name is Jose. They wished us good luck and we left, so we were back walking and riding trains. It was a hard time for me and my friend Jose. Well finally we made it to the U.S it took us 2 month to get here, those two month were the hardest month in my life. Well me and my friend Jose are now looking for jobs, we found some, we were glad that we did. Time went by and we were living our life well not really but better then what they use to be. I was saving money in my tent that I lived in with Jose. So one day I decided to put the money in the bank, make a saving account. I was happy knowing that my money is now safe, because at any time somebody could of stolen my money in the little tent that I lived in. well I kept putting money in my saving account. About 4 month goes by and I have about $300 saved I was happy knowing that I had money in the bank. well I stopped being happy after what happened, I heard that the bank was not giving out depositors money back so I ran an I was surprised by the size of the crowd that was outside the bank, I tried to go threw them but it was really hard. It was about 1:30 when I got there I tried making it to the doors of the banks but there was just to many people by the time that I made it to the doors with was around 2:00 they were closed. I was mad, sad, depress, I was just fool of emotions. Well I guess there was nothing to do but keep working. Well I kept working until this day and my reasoning of this letter is to give you the thanks for the food and shelter you gave me and Jose. With out your help the trip would have been harder, hope your doing good.


Thank you

 

 

Sincerely: Juan and Jose

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Vocabulary

vocabulary

Jonathan Forgas's insight:

My vocabulary 

 

Depression- Severe despondency and dejection, accompanied by feelings of hopelessness and inadequacy.

Example: I feel so depress without my friend.

 

Economic- Of or relating to economics or the economy.

Example: todays economic is better then it used to be back in the days.

 

 

Causes- A person or thing that gives rise to an action, phenomenon, or condition

Example: its your fault that I lost my money.

 

 

Information- Facts provided or learned about something or someone.

Example: This is some good information you got on this paper you gave me.

 

Lost- Unable to find one's way; not knowing one's whereabouts: "they got lost in the fog".

Example: I lost my video game, I don’t know where I left it.

 

Bank- A financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges.

Example: Can you go an get $20 out the bank. 

Document- A piece of written, printed, or electronic matter that provides information or evidence or that serves as an official record.

Example: Can you hand me that document.

 

Failed- Not achieving its end or not lasting; unsuccessful.

Example: You failed on getting to school on time.

 

Closing- Move or cause to move so as to cover an opening: "she jumped into the train just as the doors were closing"; "they closed the window".

Example: It sucks that they closed the store down the street.

 

Market- A regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.

Example: Dad can you take me to the market.

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#2 primary document Banking Panics in the US: 1873-1933 | Economic History Services

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I would say that this website gives good facts about  bank faliure. It also tells you some good reason why people panic. One of the principal characteristics of banking panics is the increased number of bank runs and bank suspensions. what i like about this website is that it gives out charts that shows you the differnce between 1873 and 1930s bank failure. did you know that in september 1873 there where only 101 bank failure? untill the 1930s. in the 1930s there where 806 bank failure thats a total of 705 banks that failed threw out the years. how i see it is that people would borrow money that they couldent return and they were not even sure if they will be successful in what ever they where going to spent on are do with the money.  

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#2 Bank failures today in 2012 reach 50 as FDIC closes Hometown Community Bank

#2 Bank failures today in 2012 reach 50 as FDIC closes Hometown Community Bank | Bank Failure | Scoop.it
Hometown Community Bank, located in Braselton, Georgia, was closed down by the FDIC on Nov. 16. This bank closure is the third in the month of November, and bri
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bank closure in the 1930s

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this is my i-movie im talking about bank closure in the 1930s 

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Erica Benson's comment, February 5, 2013 9:47 PM
Good info Yonathan!
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The Great Depression Facts, Timeline, Causes, Pictures | Stock Picks System

The Great Depression Facts, Timeline, Causes, Pictures | Stock Picks System | Bank Failure | Scoop.it
The Great Depression in the USA began in 1929 and ended in 1941. It was the worst economic crisis in the history of the U.S. Facts, Causes and Timeline.
Jonathan Forgas's insight:

 this website is good it gives out good information. this website shows some ways that people  used the money that they borrowed from the bank. one of this example is Nearly $4.00 out of every $10.00 that was borrowed from the banks was used to buy stock. not only that, the bank themself would use the money that people put in there saving acounts to buy stocks as well. and it also says that Some banks were not able to fulfill the requests for withdrawal and closed their doors to people. the great depression was a hard time for people. banks lost money that people saved, so those people that lost there money they couldent do nothen about it. i think that is something real hard to go threw.

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#1 primary document The Great Depression

The great depression was a severe worldwide economic depression in the decade preceding World War II. As you just saw, the most prevalent cause of this depre...
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This video starts out with people dancing. but then it starts out showing news papers that gives you information on what was going on during the great depression. one of the news paper says stock prices slump $14,000,000,000 in nation wide stampede to unload, bankers to support market today. that news paper shows how people would go and borrow money thinking that they will make a lot of money. people would go an spent there money on the bull market. A bull market is a market in which prices are expected to rise in witch people think there going to gain money but spending on them.the stock market was rising, and the expectation for it to continue to do so fuled the economy, people got fuled and thats ehy they lost there money that they didnt have. so after they lost there money they cloudent pay back the bank.

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#1 FDIC: Failed Bank today Information - Bank Closing Information for 1st Regents Bank, Andover, MN

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#2 document on Great Depression Bank Crisis in the 1930s

#2 document on Great Depression Bank Crisis in the 1930s | Bank Failure | Scoop.it
The role of Great Depression Bank Crisis in the history of the United States of America.
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