Economics is a Part of History

2129 WordsJan 30, 20189 Pages
The world grew up with an economical system. Money was around for many years, and even before people would trade things with a price. Economics is a major part in history, as it is the foundation for many great countries. Places like France and Britain have their own economic system, and so do places like America. However, there are times when the economy fails miserably. Such a time was during the Great Depression at the time of the Wall Street Crash of 1929 and even nowadays due to the Financial Crisis of 2007-08. These crashes show how America's economy once failed itself, and how it eventually regained its footing on higher ground. Although there is much struggle in today's economic structure, during the Great Depression, it was much worse. To begin with, the Great Depression began, amongst other reasons, due to the Wall Street Crash of 1929. The Wall Street Crash began in the late October of 1929. It was the most destructive stock market crash in the United States. It began with a time called the 'Roaring Twenties', the years that came after World War I and pretty much caused the crash. It was a time where many Americans migrated into cities with hopes of fulfilling the 'American Dream' of starting a new and becoming wealthy (A&E Television Networks). As American cities prospered, people neglected the US agriculture industry, the countryside. With the constant migration from more rustic areas to cities, a financial depression loomed over farmers. Despite these
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