The Great Depression

History 2020 February 2012 The bully Depression The majuscule Depression was a crucial point in our countries history. Most pile say Itll puzzle out you or break you that is exactly what the Great Depression did for the the Statesn people. Luckily this is a topic most people non only know a lot about, but something that go out stay in our history forever. However, not many people know the causes of the Great Depression, the root causes that made our country debile at the knees. The stock commercialize crash of 1929 is believed to have occurred on Black Tuesday, October 29, 1929. It has been said to be the major cause to our countries Great Depression. Stockholders had lost 40 billion dollars two months after the certain crash in October. However the stock market had started to find out its losses by the end of the year 1930. It couldnt booster the damage that had been done. It truly wasnt enough to pull America through this rut; it actu whollyy pushed us to enter the Great Depression. The second top cause of the Great Depression was caused by bank failures. Throughout the 1930s over 9,000 banks fai guide. People were losing their pitch because the bank deposits were uninsured. The banks that did make it still didnt have a chance, they were too afraid to loan people money.

They were concerned for their aver organism and pulling through this depression. It lead to less(prenominal) and less spending. Americans had to quit spending and purchasing across the board. Since the stock market had crashed more fears of losing all their money terrified our people to their core. Individuals from all social classes had to quit purchasing wants and necessities. With people not spending, this take to a reduction in the number of items being produced and this led to the loss of jobs. People were losing their jobs left and right, this led to people being unable to keep up with paying for items they had bought through banks and thusly their items would be repossessed. The unemployment sky-rocketed... If you want to get a full essay, grade it on our website: Orderessay

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