The Great Depression was a big part of our history. Many people think that there was many factors the caused it. For me I think the biggest factors that caused the Great Depression was the stock market failure of 1929.
The Great Depression was one of the biggest things that happened in our history. The stock market failure had everything to do with the Great Depression. No one was expecting it to happen. And many people suffered.
The Stock market crash happened on October 29, 1929. During the time everyone thought that the stocks would just keep increasing and never crash. Investors were betting on the stocks. Many investors traded 16 million shares on New York Stock Exchange. Thank the unthinkable happened, the stock market crashed. The millions and billions of dollars that went into the stock market was gone. This was knowns as the Black Tuesday of Wall Street. But the thing you got to remember that the money that the people put into the stocks, was …show more content…
The first reason was that our weak spots were the stocks markets (Nardo, D, 2000). The second reason was World War 1. He claims that it had left effects on the people (Nardo, D, 2000). Herbert Hoover claimed that this was not just happening in the United States. It happened in eight other counties before. Those countries were Canada, Brazil, Finland, Argentina, Germany, Poland, Netherlands and Australia. But we weren’t the only ones who went into Depression during 1929. There was three other counties and not including us. They were Egypt, Belgium and Italy. After the United States, nearly fifteen other counties went into a Depression not long after we did. Those fifteen other counties that went into a Depression were Switzerland, Austria, Great Britain, Holland, France Norway, Czechoslovakia, Denmark, Ireland, India, Yugoslavia, South Africa, Japan, New Zealand, and British Malaya (Nardo, D,
The Great Depression was one of the biggest things that happened in our history. The stock market failure had everything to do with the Great Depression. No one was expecting it to happen. And many people suffered.
The Stock market crash happened on October 29, 1929. During the time everyone thought that the stocks would just keep increasing and never crash. Investors were betting on the stocks. Many investors traded 16 million shares on New York Stock Exchange. Thank the unthinkable happened, the stock market crashed. The millions and billions of dollars that went into the stock market was gone. This was knowns as the Black Tuesday of Wall Street. But the thing you got to remember that the money that the people put into the stocks, was …show more content…
The first reason was that our weak spots were the stocks markets (Nardo, D, 2000). The second reason was World War 1. He claims that it had left effects on the people (Nardo, D, 2000). Herbert Hoover claimed that this was not just happening in the United States. It happened in eight other counties before. Those countries were Canada, Brazil, Finland, Argentina, Germany, Poland, Netherlands and Australia. But we weren’t the only ones who went into Depression during 1929. There was three other counties and not including us. They were Egypt, Belgium and Italy. After the United States, nearly fifteen other counties went into a Depression not long after we did. Those fifteen other counties that went into a Depression were Switzerland, Austria, Great Britain, Holland, France Norway, Czechoslovakia, Denmark, Ireland, India, Yugoslavia, South Africa, Japan, New Zealand, and British Malaya (Nardo, D,