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The Origins of the Great Depression

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 actions that have come up with a few events and actions that have greatly cont ....

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.... wages were not being raised, and so they could not contribute to the buying of goods. Yet surprisingly, the stock market soared without any regulation. In the 20's banks began to quickly sprout up here and there around the country to 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 th ....

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