What Caused The Great Depression 1929 Essay

The 1929 stock market crash was the beginning of America’s worst nightmare, also known as the Great Depression, which had lasted for ten years sadly. As this turn of event transpired billions of dollars had been lost while taking out thousands of investors. The country was in devastation because the economy was failing and everyone effected by it. So many had lost their jobs because of this and almost half of the banks in America during the time had gone bankrupt. This wasn’t exclusively reason of the great depression, but it did act to quicken the worldly collapse of the economy.

There are multiple reasons for what caused the 1929 stock market crash: One reason was because of the fact high investment led to the rise in stock prices. Another

During this time period the country had an enormous amount of people unemployed because of the great depression. It is said by 1933, the joblessness rate had increased from 3% to 25%, so basically of 15 million Americans had lost their occupations. Since so many people had lost their jobs during the great depression, this resulted in a lot of people losing their homes since they couldn’t afford them. I find all of this to be sad but interesting because of the fact that since the banks where loaning money to people that could never payback, which ended up forcing the economy to squander money and people to lose their

He added 5.3 million acres to federal parks and forests, and planned for dams in the Tennessee Valley. He established the Federal Farm Board to help farmers raise prices. He lowered the top income tax rate from 25 percent to 24 percent”. (Amadeo, K.) In august of that year was when the roaring twenties had reached its climax. The roaring twenties was a time when a lot of people challenged Prohibition, spoiled themselves in new ways of dancing and dressing, and rejected the moral standards of that