The Great Depression

        Calderwood 1 The vast drop-off Depression, what does this word slopped, not by dictionary entirely by our hearts? It can mean many things, close of them being feeling words. Such as sad, alone, hopeless, and even suicidal. The Great depression was the most significantly painful economic set in the history of America. E realthing hit shake off bottom, including the livestock certificate securities industry, banks and the most saddening of them every(prenominal) was tidy sums moral. The Depression hit America hard and fast, it lasted to the highest degree ten historic period from 1929 to 1940.         Beginning this tragic era of meter was the famous stock commercialize crash also cognize as scandalous Tuesday. In the 1920s stock prices jumped a redoubted amount, to highs never seen before. Many concourse much(prenominal) as raimentors believed that stocks were a for sure thing. So they started borrowing heavy which would en able them to aim more than money into the stock trade. That was all about to end, for in 1929 the bubble was popped and stocks started to go down very quickly. By 1933 the market had reached its lowest point ever, down a total of 80%. This hid the American economy hard; the grueling demand for goods, such as major appliances went down, no more money to invest. The stock market had let many slew down. (Stock market crash. The first measured century. 11-07-04. http://www.pbs.

org/fmc/timeline/estockmarketcrash.htm.)         The stock market wasnt the all thing to go down. Banks played a major habit with the stock market; they were almost hand in hand. Because community had to borrow money and get credit from the ! banks to invest in the market. So as the market began to crash, banks went erupt. No business, people started taking their money out of savings accounts. Nine one million million bank Calderwood 2 accounts were wiped out. The banks began to run... If you emergency to get a to the full essay, order it on our website: OrderEssay.net

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