Jeong Question 8 - HIS 204 Causes of the Great Crash of...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
HIS 204 Causes of the Great Crash of 1929 and why it set off the Great Depression. The first reason that had allowed contribute to the Great crash of 1929 was the sign of uneven prosperity. The rich got richer but the poor got poorer and huge corporations rather than small business dominated industry. It means that a lot of farmers were poor at that time and this uneven prosperity caused one of the reasons for the Great Crash. The stock market was kept artificially high, but eventually leads to large market crashes because the increase of stock market caused to decline in the US stock market value. A lot of people putting their savings in common stocks but they were loosing their money due to the decrease in the market value. That was the second reason that had helped contribute to the Great crash known as Black Tuesday and also this cause related to create an unstable economy in the United States. Paul Alexander said that this is because the fear and greed that was within the people of the period. Because of the fear and greed, people were investing stocks but the stock
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern