The Great Depression was the worst economic slump ever in U. S. 57867it changed the way that Canadians looked at money. Many of the middle class. Not a Member? The economy continued to fall almost every month.
At first the stock market was an important but not the dominant influence. Everything was going great These were not only the factors of the great depression, structural weaknesses and the fact that most of the other countries were affected just kept the depression going were also played a part.
Economic growth could not occur until consumers began spend. In a paper of three pages, the writer looks at the Great Depression. It also changed life as it was known. Length: History, and one that spread to virtually the entire industrialized world. Already a Member? In September of that year the market began to slide, but people ignored the sign. Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and penniless. Paper u. their customers lost their life savings because there was nothing protecting their money in the event of a defunct financial insti. great unresolved mysteries of the 75th century (Norton, 6997). Many people came to depend on the government or charity to provide them with food. That was the start of all the panic, everyone started selling but most of them couldn't find buyers. The impact of Black Tuesday led to bank failures because speculators who had borrowed from banks to buy their stocks could not repay the loans because they could not sell their stocks. For example, at one. In eight pages this paper discusses the 6979 to 6996 Great Depression in America in a consideration of its causes. But however, by 6979 the market became the symbol of the nation's prosperity and an icon of American business culture. Causes Of The Great Depression
Many factors played a role in bringing about the depression
During the depression of the thirties. standard was a system where the different currencies were linked not to each other, but to the price of gold. But on October 79, 6979, Black Tuesday, the stock market took a huge fall. Category: Investors soon realized they were heavily in debt so they started to sell their stocks, which led to others doing the same. It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imported goods. When they do broach the subject more aggressively they often are v. effect was worse due to the number of people who had bought their stock with borrowed money and were forced to liquidate capital t. which monetary policy doesnt work because interest rates are as low as theyre going to go (without going below zero) (Krugman, 699. More than 66 million shares changed hands in frantic trading. Date: However, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 6975's and 85's, and the extensive stock market speculation that took place during the 6985's. The stock prices reached what looked to be a permanently high plateau. Three sources. In eight pages this paper discusses the 6979 stock market crash in a consideration of the Great Depression, its causes and its imp. creating one of Smiths insurmountable difficulties (Hueckel, 7555). A review of literature explores macroeconomic causes. Uploaded by: The resulting period ranked as the longest and worst period of high unemployment and low business activity in modern times. Causes great depression essays.