Tuesday, November 12, 2019

Essay --

Following WW I in the 1920’s, there was a decade of an economical explosion. The post-war era brought about many changes. Businesses showed great profits, migration to big cities of industrial companies occurred with the hopes of making a better life, people were given the opportunity to purchase things on credit, while others borrowed money making poor decisions buying high priced stocks with the intention of selling stocks for a profits to repay lenders. When Black Tuesday occurred on October 29, 1929, this marked the beginning of the Great Depression that left devastating economic hardships for the American people. Although it was always my belief that the stock market crash was the sole contributor of the Great Depression, there was actually a number of contributing factors that ultimately led to the great crash. The economic boom made it possible for companies to became more efficient with manufacturing and began stockpiling goods, once this occurred companies had to cut back on production. The wealthy stopped buying which led to further stockpiling. The work...

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