January 13, 2010

13 DAYS UNTIL MY BIRTHDAY!!!we talked about the causes of the great despression and stock market crash.stock market-people werent buying things, they were in debt from buying on cerdit earlierand once you have one thing, your not really gonna need two cars, or two fridges.people buying on margin-too much borrowing from banksoverproduction of goodsrich were rich, poor were poor-unevencycle of the depression..cunsumption has an effect on > production has an effect on > employment has an impact on peoples personal income and then it goes back to > consumptioni should try telling my parents to spend more money on me cause it would be good for the economy (:
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