What caused the Great Depression The Stock Market Crash reflected an economic weakness that proved to be fatal : over confidence in the stock market . Americans found the stock market an avenue for productive investment because of the rapid growth in the stock market . In the belief that the value of stocks will continue to rise ‚ and they can earn a profit from it ‚ even the less fortunate gambled on the stock market . Investors paid only a small part of the price and borrowed the rest ‚ gambling
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The Crisis of 2008 was the worst financial crisis since the Great Depression‚ and because of that it has earned the name the Great Recession. It is important to know that the factors leading up to this recession started years in advance and it wasn’t until 2007 that the crisis officially started. Though there are many factors that led to the Great Recession‚ the factors lead to one major cause‚ which was the bursting of the housing bubble. The crisis not only impacted the United States‚ but also
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Karen Rusli Rusli 1 HIST 338 Dr. Bryan Lamkin 24 May 2013 California During the Great Depression The 1930s was not the best time period for California‚ the U.S.‚ or the world. When the stock market crashed in 1929 in the United States‚ it set off the most severe economic depression in the Western world. On top of all of that‚ a severe drought hit the Southern and Midwestern plains in 1931 just two years after the stock market crashed. This became known as the Dust Bowl. In the Dust Bowl‚ crops
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In The Great Depression many people lost their jobs‚ and it closed a lot of banks. It was kept in the memories of the people who lived through it. It changed their lives. Some might’ve been scared to lose their house‚ and some were probably scared after they lost their house in foreclosure. I would be scared if I was living in the streets. Especially the kids who lost their homes. The kids would probably be even more scared than their parents. When many companies closed down‚ that meant that all
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-------------------------------------------------------------------------------- Document B Source: Clubb‚ "An Unfortunate Wait" -------------------------------------------------------------------------------- Document C Source: Virginia Durr Reflects on the Depressions Lessons‚ ca. 1930s Have you ever seen a child with rickets? Shaking as with palsy. No proteins no milk. And the companies pouring milk into gutters. People with nothing to wear and they were plowing cotton. People with nothing to eat‚ and they
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many nations of the world.” World War I‚ also known in Great Britain as “The Great War‚” had a tremendous financial and psychological impact on western civilization and the world. World War I marked the beginning of great technological achievements‚ which lead to the inventions and use of mustard gas‚ tanks‚ submarines‚ and airplane bombs. However‚ World War I merits the title “The Great War” because of its immediate and long-term causes‚ devastating major battles‚ treaty that settled peace to
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Hoover’s policies with the intent on enacting his own. He pledged a present a "New Deal" (its specific meaning ambiguous at the time to the American people) to the American public. 2. Eleanor Roosevelt: FDR’s Wife and New Deal supporter. Was a great supporter of civil rights and opposed the Jim Crow laws. She also worked for birth control and better conditions for working women 3. Harry Hopkins: New York social worker and friend of FDR‚ appointed to run the F ERA. 4. Father Coughlin: the
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The Great Migration was the relocation of millions of African Americans from the rural South to the industrial Northern cities‚ from 1910 to 1930. Cities such as Chicago‚ Philadelphia‚ and New York were becoming populated with lots of African Americans during this time for plenty of reasons mentioned later. The north was often referred to as the “Land of Hope” or the “Land of Paradise” as it gave better opportunities to the African Americans compared to those in the South. The Great Migration was
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When the Great Awakening happened that was the cause for the rebuilding of a new city. Even the nation became unified due to the movement that was used to bring lost souls to god. A man named George Whitefield contributed to the unity‚ his preachings brought a lot of people together‚ forming a unit of unity. Though Whitefield was apart of some unity‚ he also brought along division. However‚ due to the movement that took place‚ it also was the cause of the division. The reason
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The movement that caused Southern African Americans to move mainly to the North is called the Great Migration. America needed workers during this time of change because it went from peace time to war. Which meant more men were getting deployed and shipped off to fight. The But America wasn’t all unemployed‚ women did go to work but the most spots are getting filled by the abundant amount of African Americans moving from the South to the north.Northern factory managers sent labor recruiters to the
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