What Are The Causes Of The Great Depression Essay
Title
In 1929, one of the most devastating financial crisis occurred. It was just seventeen years ago when the greatest disaster in the United States financial history occurred. People were fired, the stock markets fell, and people jumped from buildings. The fear and anxiety that was struck into people left them in a shell shock. The Great Crash of 1929 was the United States most devastating era of history and became known as “ The Great Depression.”. It created fear for life, hatred for the Government, and the failure of everyday life. The day the stock market crashed was one of the most memorable times in the financial history of America Prior to the economic downfall of 1929, money kept pouring in from different people throughout the whole united states. People started investing money into the bank and borrowing it as well. It is said that more than one hundred thousand Americans held stocks during the summer of 1929. Although many people disagree, the stock market crash of 1929 was not the sole cause of The Great Depression, but it did accelerate the global economic collapse. Another cause was because most Americans started putting their purchases on credit, which is when someone does not have the money at the time, so they save it for when they had money and paid for it, even though it seldom happened that they actually paid.
A man that …show more content…
When the war started The American Military Forces sent out over twelve million American soldiers of all different ranks to go into war. With the start of War World II more and more jobs were created for the people of America. They needed people to produce armaments, munitions, and necessities that was needed for war. This allowed many new jobs for people including women, which was new for this time. While the men were at war the women's workforce was driven harder not only for the need of things for the war, but also the needs to
In 1929, one of the most devastating financial crisis occurred. It was just seventeen years ago when the greatest disaster in the United States financial history occurred. People were fired, the stock markets fell, and people jumped from buildings. The fear and anxiety that was struck into people left them in a shell shock. The Great Crash of 1929 was the United States most devastating era of history and became known as “ The Great Depression.”. It created fear for life, hatred for the Government, and the failure of everyday life. The day the stock market crashed was one of the most memorable times in the financial history of America Prior to the economic downfall of 1929, money kept pouring in from different people throughout the whole united states. People started investing money into the bank and borrowing it as well. It is said that more than one hundred thousand Americans held stocks during the summer of 1929. Although many people disagree, the stock market crash of 1929 was not the sole cause of The Great Depression, but it did accelerate the global economic collapse. Another cause was because most Americans started putting their purchases on credit, which is when someone does not have the money at the time, so they save it for when they had money and paid for it, even though it seldom happened that they actually paid.
A man that …show more content…
When the war started The American Military Forces sent out over twelve million American soldiers of all different ranks to go into war. With the start of War World II more and more jobs were created for the people of America. They needed people to produce armaments, munitions, and necessities that was needed for war. This allowed many new jobs for people including women, which was new for this time. While the men were at war the women's workforce was driven harder not only for the need of things for the war, but also the needs to