The Great Depression Was An Economic Downfall Of The 1930's
The Great Depression was an economic downfall that was during the 1930’s. In the previous decade people lived in prosperity and believed it would continue. Many thing accounted for the overall cause of the Great Depression, like over optimism and buying on margin, but the main cause was speculation.
Speculation is investment in stocks in the hope to gain, but with the risk of loss. In the 1920’s the stock market was booming.The way of buying a portion of a company became a way to make easy money. At the time people believed that the boom would last as seeing year after year stock prices rising. Little did they know that 1930 was the start of the descent in stocks. With that banks closed, so people lost money and business failed, so unemployment
Speculation is investment in stocks in the hope to gain, but with the risk of loss. In the 1920’s the stock market was booming.The way of buying a portion of a company became a way to make easy money. At the time people believed that the boom would last as seeing year after year stock prices rising. Little did they know that 1930 was the start of the descent in stocks. With that banks closed, so people lost money and business failed, so unemployment