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The Origins Of The Great Depression
Beginning of essay
The Great Depression that began in October of 1929 and lasted 10
years, is said to have many factors that play a role in the dramatic
downfall of the economy. Although no economist has ever accurately
explained why this disaster ever came about, economists have come up with a
few events and actio ....
Middle of essay
....o provide the Americans with the loans that they needed to, “
Get Rich Quick,” in the stock market. These Americans bought stocks on
margin, making the stock market boom with high numbers. The banks lent out
the money in the expectation that the customer would pay back the money
with interest after getting rich.
The problem with all of these events that took place before the
crash, were that, in collaboration with each other, they created a facade
that would prove extremely detrimenta.... |
| Number of words: 611 |
Approximate pages: 3 |
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