Great Depression

Jerry Phillips April 16, 2008 The Great belief umpteen factors played a role in bringing about the depression. However, the main cause for the Great Depression was the combi soil of the with child(p)ly unequal distri providedion of wealth passim the 1920s and 30s, and the extensive stock market speculation that took endue during the 1930s. These were not the only factors of the great depression, structural weaknesses and the fact that close to of the other countries were affected just kept the depression expiration were also played a part. The resulting period ranked as the longest and rack up period of high unemployment and low line activity in modern times. The Great Depression was the worst economic slump ever in U.S. history, and one that rotate to virtually the entire industrialized world. Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and penniless. Many people came to depend on the government or beneficence to provide them with food. It led to a sharp decrease in world trade as each country seek to protect their own industries and products by raising tariffs on merchandise goods. The economy continued to fall almost every month. At first the stock market was an important but not the dominant influence.

But however, by 1929 the market became the symbol of the nations prosperity and an icon of American business culture. Everything was going great; the stock prices reached what looked to be a permanently high plateau. In September of that year the market began to slide, but people cut the sign. But on October 29, 1929, Black Tuesday, the stock market took a huge fall. More than 16 million shares changed hands in frantic trading. Investors soon realized they were heavily in debt so they started to sell their stocks, which led to others doing the same. That was the start of all the panic, everyone started selling but most of them couldnt find buyers. The impact of Black Tuesday led to swan failures because speculators... If you want to get a full essay, order it on our website: Ordercustompaper.com

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