Topic 12_ The Great Depression.pdf - Topic 12: The Great...

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Topic 12: The Great DepressionHONORS US1. The Coming of the Great Depression:*Bull Market:Increase in stock prices between 1928 and September 1929 stock prices increased by 40%*October 29, 1929:However it all comes to an end a black Tuesday October 29th 1929in which it is the infamous black Tuesday stock market crash and you can see here the DowJones Industrial Average*Buying on Margin:Begins on October 29th in the stock market just tumbles it is horrible and one of the reasonswhy this crash is is something called buying on marginCAUSES OF THE DEPRESSION:1.prosperity was based on only a few industries2.a great unequal distribution of wealth meaning that rich there were very few people witha lot of money and a lot of people with a little bit of money almost half of the families inAmerica were leaving at or below the minimum subsistence level so 50% of the peoplewere making essentially the minimum amount of money to survive3.credit is a huge problem in the 1920s farmers were deeply in debt remember farmers

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Term
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Tags
Great Depression, The Grapes of Wrath, Wall Street Crash of 1929

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