Causes And Effects Of The Great Depression

The massive feeling has umpteen factors that could be the main social movement, in
the rank Bullitin Mark Stolle stated The Great Depression, the m opposite
of all recessions, gives some linear perspective to our current woes. And
its not even c miss (Stolle, 2009, p. A3). On October 24, 1929 the
American stock market crashed. That day would be known as the start of
the Great Depression, the worst economic catastrophe of the 20th
ampere-second and, perhaps, the worst in our nations history (Singh, 2009,
p. 493). Unemployment taken with(p) and it effected many families. Families
were forced out of their homes, hunger, poverty, and hopelessness
became known to passel as common and normal. Despite the sudden
appearance of the economic problems, the Great Depression did not
happen over night. The biggest cause of the Great economic crisis was the
crash of the stock market on black Tuesday, The cigaret fell out of
the market. People and corporations alike frantically shopworn to sell
their stock before prices plunged even lower (The Americans, 1998,
p. 483). But other contributory causes also played a role in this
nation-wide economic disaster.



These causes were due to the roaring
20s when the economy was booming and people employ excessive credit,
then failures of the federal government and banking system, and the
imbalance among production and consumption. In the 1930s, when the
stock market crashed it was the cause of many families in the United
States died off and were suffering, which is still happening today.

The immediate cause and many believe its the main cause of the
Great Depression is the crash in the stock market in 1929. The crash
caused stockholders to lose more than $40 billion, and the closure of
659, (Martin, 2009). Before the crash, Americans had become engaged
with the contract of the stock market, they invested in production
and purchased shares of companies. This interest caused the value of
stocks to nearly triplet between 1925 and 1927. However,...If you want to get a full essay, roam it on our website: Orderessay



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