Jeong Question 8

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

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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
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This note was uploaded on 05/09/2009 for the course HIST 104A taught by Professor Hanson during the Spring '08 term at Binghamton.

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

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