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Similarities Between The Great Depression And 9/11

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History is not just past events, it will be today and it will be tomorrow. Provided the chance, most history majors or enthusiasts would want to go back in time to experience history first hand. but the people of today will be the ones that future generations are looking back on with the same enthusiasm. The three national episodes that impacted the world I live in was The Great Depression, The Cold War, and September 11,2001. The events that occurred during The economic depression and the political tension following World War 2 between NATO Allies and Western Powers such as the United States has affected many aspects of the world . In Addition with the traumatic events of the terrorist attacks on September 11th, not only America has accrued changes but so has the world. The Great Depression was thought to have come into being through the Stock Market Crash of October 29,1929 through the New York Stock Exchange but this imprecise thinking is what has affected the views of Americans on the United States Economic state. The meager state of the Stockholders banking was actually contributed by the loss of more than forty billion dollars two months after the October stock crash. (McNeil) Notwithstanding, the stock market was not able to regain its former economic status. Thus leading into the Great Depression, otherwise known as the …show more content…

America was expected to go into a slight recession before the market crashed so many people invested in stocks with their own money or with borrowed money. The consumption rate of goods had faltered, leaving many goods sitting and ultimately slowing production. While this was going on, Stock prices were on the rise and on October 24, many people began to dump money into the stock market, waiting for it to burst over. A 12.9 million shares were traded for that day, known as ‘Black

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In September of 1929 Allen explains that the stock market crashes for the first time then rebounded, but by the end of October, the market was officially broken. The stock market crash made the Americans who invested into the Bull Market in left them empty-handed. The decline of the stock market caused the entire United States economy to slip into the Great Depression which lasted for approximately 10 years because many Americans lost money they initially invested. However, the during the time of the instability of the stock market Allen explains that Americans thought the market would rebut itself. In fact, the Harvard Economic Society hypothesized that the stock market would not suffer in a “business depression,” however, the Society did not realize that Great Depression was in the future.

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Joshua Youngworth Mr. Wall Period 4A 1-13-23 Stock Market Crash and the Great Depression Prior to the Great Depression stocks started to be purchased much more commonly as people assumed they could only gain profit from them. After the stock market crashed in 1929, the Great Depression soon began and the United States fell into a state of financial struggles. The Great Depression was a time where these struggles were common for tons of people all over the country and unemployment rates skyrocketed. The stock market crash caused the Great Depression because families couldn’t pay for anything, businesses started to fail, and banks closed.

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October 29, 1929, also known as Black Tuesday, is the day that led up to the Great Depression and caused despair for many Americans. With real estate being connected to the economy, whenever prices on real estate went up, the prices on stocks increased as well. Unfortunately, brokers were lending out so much money that there was more debt than the amount of currency that was circulating in the United States. When the market reached its peak it quickly took a turn and began to drop tremendously. Lead bankers arranged a meeting to come up with strategies to avoid a catastrophic event in the economy.

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On October 24, 1929, also known as ‘Black Thursday’, one of the greatest economic and social crisis in the United States of America begun. On that day more than 12 and half million shares of stock were sold, which was triple the usual amount. Next, over the following 4 days, the stock market prices fell 23 percent. Afterwards, the Americans had to face suffering and obstacles for the next 10 years. In 1933, the unemployment had risen from 3 percent to 25 percent of nation’s workforce and those who were able to keep their jobs faced harsh reductions in wages.

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October 29, 1929 was perhaps one of the most dreadful days in American history for its economy. Before “Black Tuesday”, as it was known, stock prices had been dropping. As a result, America experienced a devastating reality known as the Stock Market Crash. Many economists hold the belief that it was caused due to people “buying on margin”. The effects of this were detrimental and quickly lead us into a depression, and not only for America, but around the world as well.

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Before the Stock Market crash of 1929, America went through a decade of prosperity and social change known as the Roaring Twenties. New fads and numerous inventions emerged throughout our country. Many people bought on credit and as a result, our economy flourished. However, many Americans failed to realize this would be one of the underlying causes leading to the Great Depression. For instance, “Most people bought, but many couldn’t afford to pay the full price all at once.

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The Great Depression was the harshest and longest economic downfall in U.S. history. It lasted from 1929 until 1939, a total of ten years. It began soon after the stock market crashed in October of 1929. The crashing of the stock market is referred to as “Black Tuesday”. Though “Black Tuesday” is one of the most know causes that led to the depression it is not the only one.

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Several factors caused this recession to tumbled the economy into the Great Depression, but the crash of the stock market on October 29, 1929 marked the beginning (Murrin et al., 2012). This catastrophic day in history is known as Black Tuesday. The stock market saw billions of dollars lost as stock values dwindled. However, the surrounding factors involved in the cause of this stock market crash devastated the economy but a series of other instances helped to continue the economy to plummet.

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The Great Depression was undoubtedly the worst economical time period in United States history. On October 29, 1929, prices of stock in the New York Stock Exchange fell drastically, and following the declinations, the stock market officially crashed. This day was known as “Black Tuesday,” and its effects would last for a decade. To say that a person was not affected by the Depression would be a complete lie, as every single citizen within the country was affected by this omnipotent crash. From wealthy families in New York City, to minorities in the South, the stock market crash brought pain and suffering to everyone.

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This led to the failure of thousands of banks. This was just the beginning of the depression.

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Austin Harrison 1 The Great Depression is a tragic event in American history where the economy had faltered from a variety of sources, as described by historians. The cause that most early Americans assumed was the sole inducer of the depression years is the Stock Market Crash of 1929. This thought of the direct correlation between the crash of the stock market and the Great Depression was challenged when later scholars linked that the "consumer demand could no longer keep up with production, the nation's weak banking system and unregulated securities markets of the 1920s" had been the real cause of the depression period, though it is still up to debate. (WATTS)

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This was a vicious cycle that played a role in causing the Great Depression. In addition to

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In October of 1929, the Wall Street Stock Market Crash initiated the start of the Great Depression. The day that the market crashed is called Black Tuesday. Thousands of investors were wiped out from losing billions of dollars. No one realized the effect that the stock market crash had. A record was broken by having Americans in a panic, 12,894,650

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The Great Depression was the harshest and longest-lasting economic downturn in the history of the United States. It began shortly after the stock market crashed on October 1929. This sent Wall Street into a panic and wiped out millions of investors. However, despite all of the relief and reform measures put into place by President Franklin D. Roosevelt that helped lessen the effects of the depression, the economy didn’t fully recover until after 1939, when World War Two came about and kicked the American Industries into full motion. The times of the Great Depression and World World Two were most certainly major events in American history and was arguably the most significant period of the twentieth century.

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This tragic event has impacted the world at a pessimistic and an optimistic angle because of its power at reconstructing society’s mistakes and creating an unforgettable glitch in the economic world. The Great Depression traces back to the early 1900s in the United States. What triggered this event was a, “catastrophic collapse of stock-market prices on the New York Stock Exchange” (About the Great Depression). The New York Stock Exchange was a market located in New York, where materials and commodities would be traded, but careless mistakes lead to a drop in its prices and wiped out numerous investors which resulted in this event. The U.S. and

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