Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
Explain the importance of the American stock market in 1929 in bringing about the depression.
Member rating: No Rating | Words: | Submitted: Thu Jul 11 2002
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Explain the importance of the American stock market in 1929 in bringing about the depression. The Wall Street Crash of October 1929 is the one trigger factor that many attribute to bringing about the Great Depression. However, despite the fact that around 61% of all stock transactions in America were handled by the New York Stock Exchange, historians and economists alike have argued that such a crash was unlikely to have single-handedly wrecked the world's economy. While it is true that the stock market crash had a profound impact on the depression - effectively deepening the already mounting problems - it must be assumed that other factors contributed to both the cause and the severity of it. There are many reasons why the stock exchange crashed in 1929. Perhaps to sum these reasons up, it is enough to say that economists of the time were utilising a 19th century understanding...
Get instant access
- Instant, unlimited access to our documents in full
- Swap your work for free access, or pay £4.99
- To see the full version of this document and 146,168 others
Receive email updates for this category
- Simply tell us your email address and receive a weekly Study Help Email for FREE
- Receive 3 FREE essay views with each email
- Get all the latest essays from Coursework.Info & discussion from TheStudentRoom.co.uk
