Stock Market Crash as the Cause of the Great Depression Essay -- Ameri

What Was the Exact Cause Of The abundant stamp?The linked States Great Depression leads many people to believe different stories close to what actually caused it. The Stock Market Crash in October of 1929 is often referred to as the beginning of the Great Depression, but did it actually cause it? The answer is that it was the luminousness that lit the flame of the Great Depression.The Great depression was a fiscal decline that started in 1929 and lasted through most of the 1930s. Its pinpoint was in pairing America and Europe, but plagued countries around the world (especially developed countries). Unemployment and homelessness sky rocketed and facial expression practically stopped in many countries. Industrial production declined by 50%, international trade plummeted 30%, and investment plunged 98%. The Great Depression was more severe and lengthy in the United States than in other developed countries. The unemployment rate rose higher and remained higher long-term than in a ny other western country. As it expanded, the depression, for many Americans, was a hard time. (Garraty 3, Nardo 29-31)By the fall of 1929 most Americans had reached the peak of success, riches and happiness. Just a year before, President Hoover predicted that the day when penury in the United States would be totally eliminated was slowly but certainly arriving. James Horan refers to the era as, a time of plenty. This was because the country was at the height of a great industrial development which begun after the oddity of the Civil War. Mass production was in high gear. The substance class was very satisfied after receiving a large heart of goods. It was a lavish era of silk shirts and two-car garages.(Nardo 29)The breed trade was very triple-crown there were pl... ...eople with nothing but each other. The Great Depression was definitely a terrible problem in the United States. Like all(prenominal) other problem, there is a root cause, and for this problem it was the crash of the stock market in 1929. This paper corroborates that the crash of the New York stock market in 1929 was the exact cause of the Great Depression. Works CitedDudley, William. The Great Depression Opposing Viewpoints. San Diego Greenhaven Press, Inc., 1994.Garraty, John A. The Great Depression. San Diego. Harcourt Brace Jovanovich, 1986.Nardo, Don. The Great Depression. San Diego Greenhaven Press, Inc., 2000.Problems of the Great Depression. Online available http//www.bergen.org/AAST/projects/depression/problems.html, November 25, 2006.Stock Market Crash of 1929. Online Available http//www.stock-market-crash.net/1929.htm, October 9, 2006.