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‚
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The wall street Crash The Wall Street Crash‚ also known as Black Tuesday‚ started in October 1929 and was the most devastating stock market crash in the history of the United States. The crash triggered the beginning of the 10-year Great Depression that affected all Western countries and did not end in America until they joined World War II at the end of 1941. Anyone who had shares in the stock market in mid 1929 had to wait their whole lifetime just to break even. When the Wall Street stock
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hand himself that’s why he understood the types of people that were in it. Following the US Stock market in 1929 US experienced a period of depression known as the ‘Great Depression’ in 1930s America‚ to highlight how people lived and how the itinerant workers’ only option was short-term employment. The Depression lasted from 1929 to 1939 and was a result of the Wall Street Stock market Crash were most people lost money. Furthermore‚ there was a drought which resulted in California being referred
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“The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world” (The Great Depression-History.com 2012). The great depression is said to have begun after the First World War‚ It was a time of hardship and uncertainty. Although the great depression began in the United States it spread throughout the globe and affected almost every country. It brought about drastic declines in output‚ severe unemployment‚ and serious deflation
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Dylan Stone-Miller 1/22/07 The Fragile Economy of the 1920’s and 30’s Post WWI and the Roaring Twenties Prior to the roaring twenties the global economy was unstable. World War I had created fragile trading bonds between the U.S. and many countries‚ war reparations needed to be paid by the countries that lost the war‚ countries such as Germany and Great Britain were indebted to the United States‚ and‚ as we know well‚ wars cost money. The economy was weakened and the developments made in
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Depression. The Dust Bowl of the 1930s took its toll on the failing farms. Along with the stock market crash of 1929‚ overproduction‚ and corruption in the world economy‚ the United States plummeted into the worst economic depression it had ever experienced. The effects of the magnitude of this tragedy soon followed. Unemployment rates skyrocketed as a result
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On October 29‚ 1929‚ Wall Street investor traded 16 million shares one the New York Exchange. Billion of dollars were lost‚ thousands of investors became poor. After that day‚ Black Tuesday‚ America spiraled downward marking the beginning of the Great Depression that lasted
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served. His inaugural speech in March 1933 had resounding effects on most‚ if not all Americans. His speech did more than outline his ambitions for his presidency; it gave Americans hope during a problematic time. Starting with the stock market crash in October 1929 the United States faced unemployment‚ bank closures‚ and low farm prices. FDR addresses these problems in his inaugural address‚ and he successfully proposes his plan to remedy these tribulations. Roosevelt’s inaugural address is a successful
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spiral that can continue for some time. The Great Depression was one of the most severe depressions in modern times. A depression can be situational‚ regional or even global. The Great Depression is considered to have begun in 1929 after the stock market crash in Wall Street. 8 The effects of this depression were felt around the entire world. This caused a ripple effect onto the rest of the world due to the large dependence on the American economy. Australia had already been in a bad economic situation
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economic recession‚ which led to a loss of confidence in the general public. This was a hard time for everybody‚ and when tough times call‚ you can only press your luck so far. It all started when the U.S. Economy had the Stock Market Crash on October 29‚ 1929‚ also known as‚ “Black Tuesday.” The Great Depression followed almost a “decade of spectacular economic growth.” There was a “general slowdown in economic activity.” This sent the United States going in to the longest and darkest economic
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