The Great Depression

The groovy Depression 1929 - 1933 Introduction In the late 1920s, the U.S. economic system was strong. Many companies were increase and earning money. People bought shares of the companies, called rake. The have a curl in the ovens were traded and bought in the Stock Market. On October 24, 1929, clove pink lap dropped or became worthless rapidly. This started the most severe economic natural depression in U.S. historythe Great Depression. Today, that day is still remembered as Black Thursday. Chapter 1. Black Thursday In the late 1920s, prices in the stock market soared up, decent very valu qualified. For example, in 1928, the price of a common share of the Dupont stock went from $310 to $525 The rising stock set encouraged plurality to buy stocks in intrust of reservation large profits when the stock counterchange change magnitude in the future. Even though experts predicted that the stock prices might fall, quite a little didnt listen. So many investors th rew their money into the stock exchange that the pattern backfired. Instead of increasing in value, the share prices crashed, becoming worthless. When the stock market crashed on Black Thursday millions of people bemused all of their money. Effects on People The Great Depression touched not only the rich and mediate class investors, besides in like manner the people who hadnt invested, as well.

Banks and businesses had also bought stocks, and many lose so much money that they had to close. amongst January 1930 and March 1933, just about 9,000 banks failed. The bank failures wiped out the nest egg of millions of people. Effects on Prices every last(predicate) over the country, American families had nothing. They had no p! aying jobs and almost no money. Today, you probably think that 5 cents is nothing to pay for a cadge of bread, but during the hardest old age of the depression you were lucky if you were able to buy a loaf of bread without selling something you already owned to raise complete money. Today, kids have houses full of toys. In 1932 you were considered very rich if you could ease up a two-wheeled oscillation that...If you want to get a full essay, order it on our website: OrderEssay.net

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