Blind Fait In The Free Market
To me, yes, I think that America had a blind faith in the free market, because although American society had a "user's manuel" which was Smith's "The Wealth of Nations", they obvisously didn't pay much attention to where Adam described the "cycle" of when things are good, they're good, but a "high" always has it's "low" and America's low came in the early 1930's with the Depression. They were shocked to find that their nation was poor. The stock market crash was only the first symptom.
There were a few Americans that did suspect a major economic disaster to come around, but a majority of Americans were concerned with something else. The stock market boom in 1929 pulled about 10 million people into the "the market". Many of them found pleasure in sitting back and wathing their money grow effortlessly. On Tuesday, October 29, 1929 millions of people who had watched their dollars grow, now found themselves to be poor. The nation suffered terribly. The gross domestic product (measure......
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