Stock prices had risen more than fourfold from the low in 1921 to the peak reached in 1929. From 1928 - 1929, the Federal Reserve had raised interest rates in hopes of slowing the rapid rise in stock prices. ... By the fall of 1929, U.S. stock prices had reached levels that could not be justified by reasonable anticipations of future earnings. As a result, when a variety of minor events led to gradual price declines in October 1929, investors lost confidence and the stock market bubble burst. ... The stock market crash reduced American aggregate demand significantly. ...

• Word Count: 1664
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

However, the Roaring Twenties marked the end of economic and social improvement for a long time, since the Wall Street Stock Market Crash of 1929 and the Great Depression would hit in the next decade. ... The economy suddenly plummeted in 1929 and started the Great Depression. Although entertainment and mass production absolutely helped in shifting American national culture and dramatically improved society, they could be blamed as some of the key factors that led to the Wall Street Stock Market Crash....

• Word Count: 791
• Approx Pages: 3
• Grade Level: Undergraduate

In the mid 1890's, the next political change hit America when the nation was locked in an economic depression. Depression hit America because of a gold shortage that caused a limitation of paper dollars to be printed. ... Finally, the Great Depression marked the fifth party system. The Great Depression was caused by a stock market crash, causing the majority of working class people into poverty. ...

• Word Count: 559
• Approx Pages: 2
• Grade Level: Undergraduate

To put it into perspective, "the Depression was the last time in American history that unemployment exceeded 8 percent four years after the onset of recession", coupled with the fact that GDP has grown at less than half the recovery rate compared to previous recessions (Stgilitz 2) (CBO 1). ... Two triggers that go hand in hand in their reputation as proximate causes of the financial crisis include the collapse of the subprime mortgage market and the housing crisis. ... Subprime mortgages became more and more common causing the housing market to balloon as more and more people could ...

• Word Count: 2201
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate