why was yip harburg relieved when the stock market crashed

Yip Harburg was a songwriter and lyricist who was deeply concerned about the social and economic inequality in the United States during the 1920s. He believed that the stock market crash of 1929 was a sign that the system was finally collapsing, and he was relieved because he thought it would lead to a more just society.

Harburg was born in 1898 to Jewish immigrants who had fled the Russian Empire. He grew up in poverty in the Lower East Side of Manhattan, and he saw firsthand the hardships that the working class faced. He was also aware of the growing gap between the rich and the poor, and he was troubled by the fact that so many people were living in poverty while the wealthy continued to get richer.

In the 1920s, the stock market boomed, and many people made a lot of money. However, Harburg was not convinced that this was a good thing. He believed that the stock market was a rigged game, and that the only people who were really benefiting were the wealthy few.

When the stock market crashed in 1929, Harburg was relieved. He saw it as a sign that the system was finally collapsing, and he thought it would lead to a more just society. He said, “I was relieved when the stock market crashed. I thought, ‘Well, thank God, it’s finally happened.’ I thought it was a sign that the system was breaking down, and that maybe we could start over again.”

Harburg’s relief was not shared by everyone. The stock market crash led to the Great Depression, which was a period of widespread economic hardship and suffering. Millions of people lost their jobs, their homes, and their savings. However, Harburg believed that the Depression was a necessary evil that would ultimately lead to a better world.

In the years following the Depression, Harburg wrote many songs and poems that expressed his hope for a more just and equitable society. He believed that the Depression had shown the flaws in the capitalist system, and he was determined to help build a new world based on social justice and economic equality.

Harburg’s relief at the stock market crash was not an expression of indifference to the suffering of others. It was a reflection of his belief that the crash was a necessary step towards a better future. He was willing to endure the pain of the Depression in order to create a world where everyone had a fair chance to succeed.

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