Although the economy was on it's last leg, the stock market was staying afloat. Until October 21st 1929, stocks were starting to drop rapidly so most of the stock holders began to sell, before they could the next day known as "Black Tuesday" changed history , 16.4 million shares changed hands. The collapse of the stock market did not cause "The Great Depression" like many may think, it was a total accumulation of wealth, bad business deals and the stock market . ... At this time The Great Depression had psychological effects and health effects on our nation. ......

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• Has Bibliography
• Grade Level: High School

THE NATION CONFRONTS THE GREAT DEPRESSION In the roaring twenties, the United States enjoyed unheard of prosperity. ... But, as we know, on October 24,1929, dubbed "Black Thursday, the stock market crashed. As a result, the national economy fell into an unprecedented period of depression. ... The onset of the depression in both rural and urban areas demonstrated the inability of the US economy to cope with the impact of the crash. ... There are three main reasons that explain the causes of the prolonged tailspin of the economy during the Great Depression. ...

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All was well in the United States, and the stock market grew continuously. ... The prices on the stock market began to decline and by the time October rolled around, the crash began. ... However, the stock market prices overall dropped continuously and the United States fell into what we now have named the Great Depression. ... This dream, however, would be shattered along with the crash of the stock market. ... Hoover's presidency was put to the ultimate test when the stock market crashed. ...

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• Has Bibliography

Many times throughout history the United States has undergone economic depression. The most recognized period of economic depression is called the Great Depression. The Great Depression is well known because of the seriousness of the stock market crash. ... The Great Depression was an intense time of poverty. ... Hoover had only been in office for eight months when the stock market crashed. ...

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The passive approach towards politics, the unequal distribution of wealth, and the excessive speculation in the stock market at the time all afflicted the ultimately occurring Depression. ... Another of the rather perilous causes of the definitive Great Depression was excessive speculation in the stock market. ... However, the problem with this was that there was a certain degree of certainty and confidence that must have been placed in the prosperity of the stock market. ... The mass speculation in the prosperity of the stock market led to the economic downfall in the end. ... The people&...

• Word Count: 887
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• Grade Level: High School

President Herbert Hoover was the president in office at the time of the stock market crash and the start of the Great Depression. ... Many people blamed him for the Great Depression being as severe as it was. ... President Hoover's lack of ability to solve the Great Depression lead to him not being elected for a second term. ... In order to do this, Roosevelt enacted a slew of new economic legislation to combat the depression called the New Deal. ... There were many reasons that the Roaring 20's fell to become the Great Depression. ...

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The economy was growing and expanding under a hand off the government theory during the 1920's but took a huge dive after the stock market crashed in 1929. The graph in document 11 shows the build up of the stock market, its peak in 1929, then its dive and steady downfall into 1932. ... People started setting up small comunities of shacks that they t named "hoovervilles" after president Hoover who they blamed for the depression. Document 10 shows a political cartoon depicting how the public blamed the depression on Hoover. ... When the stock market crashed later that year Hoovers iplan ...

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• Grade Level: High School

In the 1920s the American economy was headed towards an economic depression. ... On October 29. 1929, the stock market crashed, officially signaling the beginning of the depression. During the period of the Great Depression, Herbert C. ... This is shown with his "hands off policy" during the depression. ... Roosevelt became the president in 1932, in midst of the Great Depression. ...

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Herbert Hoover was the 31st President of the United States. He was born in West Branch, Iowa on August 10,1874. He was the 2nd of three children. His father was a village blacksmith whok died of typhoid fever when Hoover was six years old. Less than three years later, in 1894, his...

• Word Count: 762
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• Grade Level: High School