There were a series of events that caused the great depression. First off, many people were doing really well in the stock market. So well in fact, that they began to take out large amounts of loans from the bank to invest in the stock market. On October 29th, 1929, the stock market crashed and many investors lost everything they had invested. Because of this, the banks also lost all the money that they had lent to investors causing them to go bankrupt. With the stock market down and the failure of banks, people didn't know what to do. They stopped investing, trading, or buying goods. This caused the demand for all sorts of products to go down, making the need for workers diminish. More and more people started losing their jobs, which started the cycle over again. The great depression was the largest economic disaster in America's history.
by ngureco 14 years ago
What Caused the Great Depression?
by PhoenixV 13 years ago
What Caused The Banks To Fail During The Great Depression?Were bank failures the cause of the depression? What caused the banks to fail during the great depression?
by Nickny79 16 years ago
interested in your thoughts.
by ngureco 16 years ago
Regarding the current long range downtrend of the stock market, I am one person who does not buy into Elliott Wave Theorists' apocalyptic views of the market. Their views and analysis of the markets may not make sense. Never, never.One such Elliott Wave Theorists is Robert Prechter Jr. In his...
by Grace Marguerite Williams 10 years ago
Do you strongly contend that class warfare in the near distant or far future in the United Stateswill escalate to the point a/k/a The Purge when the most powerless & vulnerable socioeconomic class i.e. the poor will be viewed as unnecessary/useless & will either be incarcerated en...
by Daniel J. Neumann 14 years ago
Do you feel confident investing money in the stock market?Why or why not?
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