Blog: Pick your own topic on great depression.
The Famous Picture of Great Depression
What were the causes of the Stock Market Crash and Great Depression?
- Stock- its when you buy part of a business
- People believed that they would never lose money in this business.
- Stock Market crashed between 32 and 33, when Hoover was president.
- when government stopped spending money it went down
- Dow Jones is a stock market indicator
- Causes:
-uneven sharing of wealth- not enough people buying things
-wages couldn't keep up with productions
-increase in gambling and buying stocks
-Tight Money Policy
- Buying on Margin- getting a loan from a broker
-making to much or not enough
- big gap between rich and poor
-shading banking- they invested people money and put it in the stock market
- buying on credit
- debt
- overproduction of farm products
-Laisze- fare approach
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