We discussed the stock market crash and the great depression some more.Employment>Income>Consumption>Production> The cycle repeatsWWII got us out of the great depression. People worried that we would go back into the depression when the war ended but luckily we did not.Causes of Stock Market Crash:People quit buying things.They paid for stuff with credit.Rich got richer- middle class got poorer.Stocks were overpriced.Buying on marginOverproduction of goods
Comments