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The Origins Of The Great Depression - Online Term Paper

The Origins Of The Great Depression

The Great Depression that began in October of 1929 and lasted 10
years, is said to have many factors that play a role in the dramatic
downfall of the economy. Although no economist has ever accurately
explained why this disaster ever came about, economists have come up with a
few events and actions that have come up with a few events and actions that
have greatly contributed to it. The decade previous to the crash was
exciting, care-free, and roaring. It is an ample opportunity to get rich
quick and buy the technological luxuries that may have been unaffordable ,
but according to the ads, “A must-have of the future.” Due to all the
demands for more of these gidgets and gizmos of the ...

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from the consumer and share it in the worker's wages, who
would in turn invest in the general wealth by investing in the stock market
and also buying the manufacturer's goods. Even though it was true that the
businesses were gaining on profits, the worker's wages were not being
raised, and so they could not contribute to the buying of goods. Yet
surprisingly, the stock market soared without any regulation.
In the 20's banks began to quickly sprout up here and there around
the country to provide the Americans with the loans that they needed to, “
Get Rich Quick,” in the stock market. These Americans bought stocks on
margin, making the stock market boom with high numbers. The banks lent out
the money in the expectation that the customer would pay back the money
with interest after getting rich.
The problem with all of these events that took place before the
crash, were that, in collaboration with each other, they created a facade
that would prove extremely ...

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The Origins Of The Great Depression. (2006, January 22). Retrieved April 19, 2024, from http://www.essayworld.com/essays/The-Origins-Of-The-Great-Depression/40017

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PAPER DETAILS

Added: 1/22/2006 06:50:44 AM
Category: Economics
Type: Premium Paper
Words: 611
Pages: 3

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