Salma Ahmed
English Lit. GCSE Student
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Wall Street Crash
- Words:
- 625
- Submitted:
- Thu May 07 2009
- Mark submitted by Author:
Have a little read: ... DID THE WALL STREET CRASH CAUSE THE GREAT DEPRESSION? The Wall Street Crash was a defining moment in the American economic history. It occurred on October 29, 1929. Before this, the economy was booming. During the 1920's, share prices were rapidly increasing and businesses were doing very well. This meant that people had more money so more products were being sold. There was a lot of speculation that share prices would continue to rise. However, in 1929, the stock markets began to fall dramatically and caused devastating effects on the American economy. This was the beginning of long-lasting consequences for the whole country. The Great Depression was a long gradual period in which America suffered great economic depression, during which financial activity slowed down and unemployment was high. America had a high rate of starvation, homelessness and poverty. People were living in poor conditions with very little money. During the whole period,
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