After the First World War, the American economy had prospered caused by new technologies from second industrial revolution and abundant natural resources. Most of industries, typically automobile, steel, and construction etc, was expanded rapidly to produce more production for customer’s needs in 1920’s and agricultural sector as well. These overproduced goods and production facilities brought excess supply during several years. As a result many companies borrowed money from bank to maintain their workers and factories.
On Thursday, 24th October in 1929, New York stock market was suddenly started to crash because one of stock investors felt feeling of uneasiness in terms of continued excess supply. This is start of the Great Depression and
On Thursday, 24th October in 1929, New York stock market was suddenly started to crash because one of stock investors felt feeling of uneasiness in terms of continued excess supply. This is start of the Great Depression and