Argumentative Essay: The Great Depression
GREAT DEPRESSION ARGUMENTATIVE ESSAY- THE DIRTY THIRTIES
Atilola
Mrs. F. Costello
CHC 2D1
Monday, November 25th, 2013
THE DIRTY THIRTIES
“The Great Depression was the worst economic disaster that the modern world had ever experienced and it brought suffering to millions of people.”
“Canada was especially hit hard by the Depression because its economy had developed very quickly between 1900 and 1929 causing it to have a certain weakness that made it vulnerable to any sudden downturn in the world economy.” The Great Depression lasted ten gruesome years,1929 to 1939, during which time, counties all over the world, including Canada, experienced job loss, …show more content…
The downward spiral of the stock market began when the first portion of the crash occurred on October the 24th, 1929, a day known as Black Thursday; investors and shareholders suddenly realized that their stocks were overpriced and tried to sell them all at once, thereby starting a quite terrifying domino effect. The following week brought Black Monday (October 28th, 1929) and Black Tuesday (October 29th, 1929); Black Tuesday being the most famous of all three days because it was the day the remainder of the stocks fell, making it have the most crashed stocks. On both days the D.O.W. Jones Industrial Average fell more than twenty percent. (Stock Market Crash); On Wall Street, more than sixteen million shares were sold, up almost four million from Black Thursday 's unprecedented totals. (Great Depression) In just these three short days, billions of dollars were lost, wiping out thousands of investors. Those who interpreted the warning signs early enough escaped the tragedy, but many suffered greatly. Many expected the stocks to start rising again, restoring the affluent times of the 20’s, little did they know; the stock market crash was just the beginning of what the world would come to know as the Great
Atilola
Mrs. F. Costello
CHC 2D1
Monday, November 25th, 2013
THE DIRTY THIRTIES
“The Great Depression was the worst economic disaster that the modern world had ever experienced and it brought suffering to millions of people.”
“Canada was especially hit hard by the Depression because its economy had developed very quickly between 1900 and 1929 causing it to have a certain weakness that made it vulnerable to any sudden downturn in the world economy.” The Great Depression lasted ten gruesome years,1929 to 1939, during which time, counties all over the world, including Canada, experienced job loss, …show more content…
The downward spiral of the stock market began when the first portion of the crash occurred on October the 24th, 1929, a day known as Black Thursday; investors and shareholders suddenly realized that their stocks were overpriced and tried to sell them all at once, thereby starting a quite terrifying domino effect. The following week brought Black Monday (October 28th, 1929) and Black Tuesday (October 29th, 1929); Black Tuesday being the most famous of all three days because it was the day the remainder of the stocks fell, making it have the most crashed stocks. On both days the D.O.W. Jones Industrial Average fell more than twenty percent. (Stock Market Crash); On Wall Street, more than sixteen million shares were sold, up almost four million from Black Thursday 's unprecedented totals. (Great Depression) In just these three short days, billions of dollars were lost, wiping out thousands of investors. Those who interpreted the warning signs early enough escaped the tragedy, but many suffered greatly. Many expected the stocks to start rising again, restoring the affluent times of the 20’s, little did they know; the stock market crash was just the beginning of what the world would come to know as the Great