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Background Of The Great Depression

Background Of The Great Depression

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The background of the Great Depression change the way families live during that time. The Great Depression started when the Stock Market crashed in October 24, 1929. This day is known as Black Tuesday. According to the book The Great Depression An Eyewitness History “By the end of the [Black Tuesday] over 16.4 million shares had changed hands, and the times average had fallen another 43 periods” (49). The Wall Street Crash of 1929 was intentionally plan to allow investors to borrow money to buy stocks and bond. Many investors took advantage of the Stock Market which caused the Stock Market to had a big crisis and caused the Wall Street Crash of 1929 to happen Since the Stock Market lost billions of dollars, it damaged the investors who were

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