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Great Depression Dbq

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In the wake of Black Tuesday, America and the industrialized Western world rapidly spiraled downward into the prolonged economic period of financial distress known as the Great Depression.
Rather than the market collapsing as a result of one factor, the Stock Market Crash of 1929, and consequently, the Great Depression came to fruition due to several factors in conjunction. From 1921 to 1929, the U.S. stock market underwent rapid expansion, reaching its peak in September 1929. Prominent economists presumed that the economy and stocks would continue to remain in prime condition. Irving Fisher, a leading neoclassical economist, surmised “stock prices… reached what looks like a permanently high plateau” (Source C). In spite of the reassurance

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