The Causes of the Great Depression
The great depression was a perfect event that the United States could experience. In this study, I will narrate the causes of why Mr. Lehman is an industrious man. All started before Mr. Lehman was born in the 1939 and many Americans believe that the stock was an easy way of being rich and happy. It was a time of prosperity, the Jazz my favorite style of music was getting famous, do not forget about electricity and telephones in the houses, also the casinos were the fashion and Wall Street became the center of the American economy.
American Dream is expensive the most expensive prestige humans can experience. Americans that wanted a radio, electricity and good life needed to pay for it, (that is the depressing idea of capitalism) .If you do not blend with the capitalistic idea then, society consumes you with thoughts of culpability for not having the same style of life. That is why many people in the 1920´s started using the enemy of the family economy, Credit!
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The Stock market started to invest in lending money! Such Fools! that did not read their Bibles!!!!!, when it say: Do not be one who shakes hands in pledge or puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you. Proverbs 22:26-27 Investors started to purchase on margin (Buying from the broken businesses and paying as little as 10% of the stock price. The investors thought that as the stock price continued to rise they could pay off the balance. If the Stock would fail they would lose the stock and still have to pay off the