Wednesday January 13

Today in class we did blog discussions.Causes of the Stock Market CrashPeople stopped buying things. Buying on credit so they were in debt and the Federal Reserve started raising taxes so people got nervous. Uneven distribution of wealth, the rich get richer and the poor get poorer. Stocks were overpriced so people were overconfident and they didn’t show true value of the company. Overproduction of goods.Causes of the Great DepressionEmployment->Income->Consumption->Production… Repeat
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