Stock Market Crisis: Effects Of The Great Depression

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Effects of the Great Depression
After the period of extraordinary prosperity, the United States, experienced the greatest economic depression of the last century. The crash of 1929 or Black Thursday is a stock market crisis that takes place on the New York Stock Exchange (Wall Street) between October 24 and 29, 1929. The crash of 1929 is the consequence of stock market speculation. Banks work with money (savings and current deposits) from their clients who deposit money. To attract customers the banks must offer them advantages: high interest but also opportunities for cash advances to buy, on credit, shares listed on the stock exchange. About one and a half million Americans out of 123 million inhabitants are shareholders. Businesses are

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