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Facts Behind The Great Depress
Part 1 of Paper
.... administration became diverted by an event that shook the very economic foundations of the nation, namely, the stock market panic of 1929. The United States had enjoyed a boom after World War I, in which wages were high and production and consumption increased. During this period many had developed a tendency to inves.... Part 2 of Paper
....verish wave of buying had exhausted itself and gave way to an equally feverish wave of selling. Prices dropped precipitously, and thousands of people lost all they had invested. This collapse frequently meant complete financial ruin. On October 29 the New York Stock Exchange, the largest in the world, had its worst day of panic selling. By the end of the year declines in stock values reached $15 billion.
The Great Depression
The stock market panic preceded an economic depression that not only s.... |
| Number of words: 585 - Approximate pages: 3 |
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