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Causes Of The Great Depression

Part one of term paper
In 1929 the stock market crashed, triggering the worst depression ever in U.S. history, which lasted for about a decade. During the 1920s, the unequal distribution of wealth and the stock market speculation combined to create an unstable economy by the end of the decade. The unequal distribution of the wealth had several outlets. Money was ...

Part two of term paper
... made the stock market artificially high (Galbraith 175). The poor distribution of the wealth, excessive speculation, and the stock market crashes caused the U.S. economy to fail, signaling the start of the Great Depression. The 1920’s were a time when the American people and the economy were thriving. This period of time was called the “Roaring Twenties”. Unemployment dropped as low as 3 percent, prices held steady, and the gross national product climbed from $70 billion in 1922 to nearly $ ...

Word count: 1634 | Approximate pages: 6

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