The Great Depression

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Recommended: Chapter 12 causes of the great depression

The Year was 1933; millions of Americans were battling a great finical war defined as the Great Depression. The Great Depression was horrendous, no other panic or depression that taken place before can add up to the economic and social devastation that The Great Depression inflicted. However before the Great Depression even happened there was a Bull Market boom. A Bull Market means that a market in which share prices are rising, encouraging buying. So with bonds or stocks begin encourage to buy speculation can occur. Speculation is investment in stocks, property, or other ventures in the hope of gain but with the risk of loss. Usually speculation can cause a Stock Market to crash. On October 29, 1929 the Stock Market crashed and the Great Depression was sparked. Although how did the Great Depression even occur? Some say it was because of the Stock Market crashing while other come up with Conspiracy theories. Even though the Stock Market is a great contender to the Great Depression but what really caused the Great Depression to happen was consumerism, uneven disputation of income, and over production. Consumerism means the protection or promotion of the interests of the consumer, well the interests for people in 1920`s ranged from material merchandise to a stock begin purchase. At this time with bonds begin purchase a Bull Market can be created and alongside with a Bull Market and as more investors “put their money into securities(stocks) in hope of making a quick profit on a speculative rise in stocks,…the exchange became a betting ring.”(Carmen) With people throwing their money into the Stock Market just to become rich fast, then pulling out of the market once they realize that the money they initially put in isn’t accumulating.... ... middle of paper ... ... the consumer was demanding. With over production the consumer don’t purchase the items that was once in demand and Farmers over produce their products and those products are lowered once it hits the local super market. So through consumerism, uneven disputation of income, and overproduction the Great Depression was underway. In present day over production and uneven disputation of income is still a problem. One item that is over produce is Beanie Babies. Beanie Babies can be located anywhere and their beady eyes will stare at the consumer begging them to buy them. Uneven disputation still happens today but it’s in more of a seclude way but a couple years ago the unevenness was very noticeable. President Obama made that unevenness get swept under the rug. The Great Depression happened through consumerism, uneven disputation of income, and over production.

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