The Great Depression was triggered by a panic from the Crash of 1929. During this time stocks were becoming a trend for Americans who wanted to earn money by investing in companies they believed would do well in the stock market. Initially the stock market was doing great, as the value of companies’ stock went up, the more companies were invested in. Many of the Americans that participated in the stock market were beginning to blindly invest in companies that they knew nothing about. They assumed that the companies would do great, as they were successful in the market. The wealthy caused a problem in the market by pulling out their stocks as they got information that the stock value would go down. The wealthy’s drawback influenced many others to withdraw their stocks, causing a major crash in the market.
The Crash of 1929 was just be the beginning of a downward spiral of America’s economy. A few low and middle class American’s wanted to participate in the market so they sought out loans from banks. Banks were more than obliged to give loans as long as they had collateral to offer the bank. Unfort...
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... Fortunately, the police officers were able to clear up quite a few unsolved robberies in the southern part of the city with the information discovered during the arrest of the three criminals. According to Officer Conwell, Lester Diamond already had a criminal record for the theft of a car, where he served his 13 months. Charles Weyandt and James Forr were clean of any criminal records prior to their arrest.
In retrospect, these three men committed multiple counts of robberies in South Altoona, Pennsylvania in a span of a year before getting caught. Although the crimes they committed were unforgivable, their actions may have been influenced by the economic struggle the Great Depression caused millions of America’s people. The loss of employment and not having any money for food and bills ultimately would lead a few to turn to crime to improve their economic life.
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