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Economic Effects Of The Great Depression

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Economic Effects Of The Great Depression
The stock market crash of 1929, also known as "Black Thursday", was a four-day economic disintegration that began on October 24, 1929. The Great Depression, which was part of the aftermath of the crash of 1829, was an economic depression that lasted 10 years. The effects of this decline in economic stability were felt worldwide. The effects that these depressions had on both the United States and the world were quite significant. The crash of 1929 is speculated to be the result of an unsustainable rise in share prices in the prior years. The rise was caused by the eagerness of investors, buying shares on the margin, and over-confidence in the durability of economic growth. This crash, then slowly led into a much bigger, more well-known depression.
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