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The Great Depression:
A Series of Downward Spirals
Class: Macroeconomics
Teacher:
On October 29, 1929, the New York Stock Exchange experienced a tragic fall. Fortunes were lost and lives were destroyed. The Crash of 1929 shook what was an already unstable economic foundation. America began fueling itself for an economic collapse long before the stock market crashed. The root causes of the crash are still under debate, but the effects of the crash are infamous. America was thrown into economic turmoil. Thousands and thousands of people lost their homes and were unemployed for years. This period of despondency lasted from 1929 until 1939 and was known as the Great Depression. While the stock market crash is the most immediate and well known cause of the Depression, it was by no means the only cause.
Modern economists have different theories explaining the sudden downfall in the economy. Some feel that abuse of credit was the cause, while others believe it was......
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Title: The Great Depression
Approximate Word Count: 2163
Approximate Pages: 9 (250 words per double-spaced page)
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