The_Great_Depression

The Great Depression The Great Depression On Thursday October 24, 1929 at 10:00am the stock market bell went off at the New York Stock Exchange, stocks were plummeting down. Montgomery ward’s shares were selling for $83.00; the shares were previously $156.00 per share. That day will be forever known in history as “Black Thursday”. The crash led to bigger problems our society would endure; it would turn out to, to be the worst recession our country would ever have. Many people think that the market crash was the cause of the depression, the crash weakened our economy therefore making us less resistant towards any existing defects, and those defects could multiply rapidly and bring down the whole nation. The Great Depression did not just happen there were many factors that contributed to the depression like the United States international credit system, economic dependency, and international trade policies. The big struggle for depression, economy, market, people, great, goods, billion, stock, loans, american, out, nation, money, fdr, dust, crash, banks, america, act, years, war, very, international, history, back, allies, world, turn, trade, shares, recession, public, policies, new, learned