ECO2013 "A short history of the Great Depression‚ from the stock market crash of 1929 to World War II" The great depression was a worldwide event characterized by an economic slum which spanned North America‚ Europe and other industrialized countries from 1929 to 1939. The incident sparked a catastrophic crash of the stock market on the New York stock exchange in America during October 1929‚ while the effects lingered‚ as stocks continued to fall dramatically for the next three years until
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fluctuations in market prices‚ as oppose to the fairest method of reaping profits through long term capital gain‚ dividends earned or accrued interest. The stock market was open to other forces of manipulation as well. Industrialist‚ bankers‚ and Wall Street tycoons manipulated the media to influence the public to purchase stocks that they would immediately sale once market prices peaked. This tactic would leave the unknowing public to suffer serious financial losses. It was the culmination of no market
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jobs. Most of the men in the 20’s were hating on the flappers. Is women who dressed like a guy and look like a guy‚ by having a bobbed hair style and many more. Also for entertainment people in the 20’s play mahjong‚ dances‚ sports‚ watching silence movie and doing tricks with plane called aviation. Some the dances were shimmy‚ bunny hop and some of the sport that they play were football‚ soccer‚ hockey. People were happy and have a good time in the 20’s. Well not everything that good always will
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worth roughly $185 billion today‚ were lost. The stock market dropped 25% and lost another $30 billion‚ worth roughly $1.3 trillion today‚ over the next four days. The stock market reached its lowest point on November 13th‚ 1929. In addition to the Wall Street Crash‚ banks all over the country began to fail. Deposits were uninsured‚ so that once the bank failed‚ all the money in it would be lost. Families who lost everything were faced with problems that included homelessness and poverty. Surviving banks
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into stocks before the crash‚ and as a result‚ people had lost millions of dollars. A record twelve-point-nine million shares were traded that day and five days later‚ some sixteen million shares were traded after another wave of panic swept Wall Street. No one exactly knows what started the Great Depression‚ but the stock market crash was believed to be a main contributor. Some thirteen to fifteenth million Americans were unemployed
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The Great Depression was the longest and most severe economic fall in the history of the western industrialized world. The timing of the Great Depression in most countries started in 1929 and lasted until the late 1930s. Millions of people lost their jobs and farmers and businesses went bankrupted. Modern nations and those storing food and raw materials were affected one way or another. The Depression originated in the United States in 1929 as what was seemingly an ordinary recession. Amount of
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They also had to pay off any unpaid loans after the crash. Some people were so depressed that they threw themselves off high buildings to their death. Most of the people lost a lot of faith in wall street after the crash occurred. Just a couple days later‚ on October twenty-eighth‚ Black Tuesday‚ which is when twelve million stocks were sold in one day‚ that amount tripled (Amadeo). The stock market plundered thirteen percent (Amadeo). Sixteen million
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Many People may say that history repeats itself‚ it might be with climate‚ politics‚ or even an economics. The two major wounds in the American economy‚ were both cause by Wall Street. One in 1929 named the great depression‚ it did not end until World War II started. The second economic tragedy was the recession of 2008 and shortly ended in 2009. Individually of these caused great devastation towards the American people which lead them to be homeless‚ hungry‚ and sometimes led to suicide. To begin
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Getulio Vargas was the most expressive character of the Brazilian Republic. He was born in the city of São Borja‚ Rio Grande do Sul‚ on April 19th 1882. He attended military schools as a youth‚ but majored in Laws in 1907. He was raised by a traditional family in a rural area. Vargas ruled as dictator (1930-34)‚ congressionally elected president (1934-37)‚ and again dictator (1937-45). Vargas assumed largely dictatorial powers‚ ruling most of that time without a congress. He held sole power as provisional
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prepared to lose their jobs. Companies weren’t making money‚ and the banks weren’t there to help the citizens out with their problem. This made people lose everything including their own homes or the places they rent. Forcing them to live on the streets and migrate place to place‚ in order to money so they can support themselves or their own
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