The Great Depression
12/19/05
Cont-World
The Great Depression
The Great Depression began in October 1929, and is the worst and longest period of unemployment and low business activity in modern times. The Great depression not only affected the United States, but almost every nation worldwide. Although the depression brought about many changes not all of them were positive.
There are many things that contributed to the start of the Great Depression. One major cause of the Great Depression was the stock market crash. Since the stock market was doing so well and prices were doubling many people went out and brought shares in stocks, hoping to hit it big. Unfortunately on October 24, 1929, the stocks values dropped quickly, causing thousands of people to lose a lot of money. Another cause of the depression was the farm depression of the 1920’s. During this period of time, farm products prices fell about 40 percent. Most of the framers lost so much money they couldn’t afford......
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