The Great Depression : The Causes Of The Great Depression

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The Great Depression lasted from 1929 to 1939 and was the worst economic worsening in the history of the industrial world. It began when the stock exchange crash of October 1929, that sent Wall Street into a panic and drained variant investors. Over future many years, shopper disbursement and investment born, inflicting steep declines in industrial output and employment as failing firms set off employees (Young, William H. and Nancy K. Young). By 1933, once the Depression reached its lowest purpose, some fifteen million Americans were jobless and nearly 0.5 the country’s banks had to fail. Some of the effects include stock market crash, bank failure, reduction in purchasing, american economic policy, smoot-hawley tariff, and drought conditions. On October 24, 1929, as nervous investors began merchandising expensive shares as a group, the stock exchange crash that some had feared happened eventually. A record twelve.9 million shares were listed that day, referred to as“Black weekday. Five days later, on October twenty nine or “Black Tuesday,” some sixteen million shares were listed once another wave of panic swept back Wall Street. Uncountable

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