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The Great Depression: A Worldwide Economic Depression

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The Great Depression: A Worldwide Economic Depression
The Great Depression was the most severe worldwide economic depression. It lasted ten years until it was over but during those ten years there was a lot of pain and suffering. Millions of people lost their jobs and couldn’t care for there children. It affected many countries including America. Many businesses went bankrupt. It was just chaos! It all started on October 29, 1929 or as we now call it “Black Tuesday” when stock market prices dropped drastically. Why did they plummet? Well it happened because on that day 16 million shares were traded by stock holders. Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely. When consumers’ confidence disappeared
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