One of the most often identified causes of the Great Depression which haunted this country during the 1930s is the stock market crash of 1929. There is no arguing that the effects of this crash were devastating to both the economics and the moral of the American people. The stock market had fluctuated wildly during the year preceding the actual crash. Investors lost and gained in increments never before matched. These extreme profits and losses sometimes occurred within a single day. On October 24, 1929, a day which would forever be remembered as Black Thursday, the market dropped precipitously, taking with it many unwary investors. The following Monday, there was another plunge and more investors were forced into bankruptcy. Just when things looked the worst they could possibly be the stock market, only one day later, plunged even deeper into the deepening red in people's financial ledgers. On this Black Tuesday" there were no buyers at any price and therefore no chance of recovery. This plunge was followed by several plunges of individual's off high-rise buildings as the hard realities of the crash sunk in.
The stock market crash of 1929 was most certainly a contributing factor to the Great Depression which would follow. In reality, however, the causes of the Depression were much deeper than that singular event. Historians are often the most non-committal in identifying these causative factors, preferring evidently to remember this time in history as one of the great unresolved mysteries of the 20th century (Norton, 1997). When they do broach the subject more aggressively they often are vague in their approach and conclusion (Norton, 1997). .
The Great Depression would span the years of 1929 to 1941. Although this country had experienced earlier depression, even one in 1920 just a few years previously, the Great Depression would prove to be an order of magnitude more significant than any other.
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The Great Depression The Great Depression was one of the longest depressions in the history of North America left Americans shaken. ... My grandmother, a survivor from the great depression says "we had to gather food from were ever we could find it, we were starving". ... The Great Depression sent people that were ordinarily comfortable with life scurrying for reassuring shelter and it left many people badly shaken from the experience. ... People that went through the Great Depression and survived will forever remember the way that it felt to stand in line for hours for food or even to...
Economics during the Great Depression were very different than periods of time during the depression. ... People were not earning much money during The Great Depression. ... Political views also changed during the Great Depression. ... Shirley Temple, Will Rogers, and marie Dressler were few great performers during the Great Depression. ... The Great Depression has definitely left it's mark on America. ...
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The Great Depression When Franklin D. Roosevelt took office, America was going through what was known as the Great Depression. ... Farm families are an example who suffered during the Great Depression. ... The banks were closing down due to the depression. ... The Great Depression was not the first or only depression Americans had seen, but it was the worst. ...
The Great Depression The Great Depression was the greatest economic slump to ever occur in US history. The depression began in late 1929 and lasted throughout the following decade. Several factors played key roles in bringing about the depression. ... However, though a great deal more work was being done, the average wage for a manufacturing worker increased minimally. ... Though the Great Depression has long since ended, it continues to leave an indelible imprint on our economic society. ...
Great Depression was the worst and longest economic collapse in the history of the modern industrial world. ... The depression started in the United States and spread to most of the world's industrial countries. ... During the Great Depression there were rapid falls in the production and sale of goods and a rise in unemployment. There were many factors to the cause of the Depression. ... Another one of the factors to the Great Depression was what the government had done or had not done to ensure that this would not happen. ...
The Great Depression On Thursday October 24, 1929 at 10:00am the stock market bell went off at the New York Stock Exchange, stocks were plummeting down. ... The Great Depression did not just happen there were many factors that contributed to the depression like the United States international credit system, economic dependency, and international trade policies. ... The great depression is a very important chapter in our history. Through the great depression we learned many great lessons and as a country we came to realize how fragile what may ...
Causes of the Great Depression The Great Depression was the severe economic crisis that began in 1929, that sent the United States into a frenzy. ... It's undeniable that the Great Depression was one of the hardest trails the US has had to endure. ... The Great Depression was a trying and difficult time for America. ... Work Cited Page America's Great Depression. ... Available http://odur.let.rug.n1/~usa/H/1994/ch9_p8.htm "Great Depression" Encyclopedia.com . ...
