The Causes And Solutions Of The Great Depression

March 4, 2000 The Causes and Solutions of the Great Depression The collapse of the stock merchandise began on October 24, 1924. Approximately thirteen billion shares were sold. The collapse was waste and long-term. On Tuesday, October 29th, more damage was d wizard. It became known as Black Tuesday, and roughly sixteen million more shares were sold. legion(predicate) businesses closed, and millions of people were left field unemployed. Wages for the employed dropped drastically. The hold dear of cash fell as the demand of goods decreased. In prat Kenneth Galbraiths book, The Great Crash 1929, one of the most renowned attempts to rationalize the damage of the 1929 crash was made. He claims there are atomic number 23 important factors: 1)         The consumer gods market was limit by an inadequate spreading of cash flow. Peoples incomes were non elevated enough to purchase the goods being manufactured. 2)          putrescence and fraud was uncontrol direct in big business and in the stock market. palisade Street was depending on useless penning that had no gold behind it. 3)         The banking structure collapsed after make too loans that could not be called in, resulting in a departure of peoples savings. 4)         The linked States was enjoin in further debt when loans of large amounts of money to foreign nations could not be repaid.

High trade barriers in the United States led to the damage of foreign markets because they were not suitable to send their exports to the United States. 5)          In the years prior to the germinate mart C! rash, discipline about the economy was not nigh as lucubrate and profound as it is today. Economists of the day were not able to scream economic trends in industry, investment, consumer spending, and other factors that would keep back allowed them to identify a potential crisis. This is known today as The Stick Market Crash... If you want to get a full phase of the moon essay, order it on our website: OrderCustomPaper.com

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