Unit 1-Lesson 14&15 Prosperity

0 / 5. 0

Name: Professor: Course: Date: The Great Depression The Great Depression can be termed as the most severe economic depression of the 20th century it affected the whole world but began in the U.S.A. The event took place from 1930 to 1941, where it began when the American economy deteriorated. The prices of commodities went low and started to spread to other parts of the world. The effects hit everyone in the economy both rich and the poor. Everything including revenues from taxes, commodity prices, profits dropped drastically. Cities in the worlds especially the industry dependent cities were greatly affected. (Robins, 2007) The great depression can be attributed to being caused by several factors which include the following; The Bull Market; the bull market can be briefly described as a financial market where the price increase is expected as a result of certain securities. That makes them predictable that way especially when one follows the previous trends in the occurrence of prices. Investors, manufacturers, and marketers thought that prices would continue to increase. The second factor is buying on margin which is simply the expectation of an investor in the process of purchasing that the middleman set. The first payment made to the broker before making the purchase. This affected the great depression in such a way that after people paying this initial price the commodity's prices went down and people suffered big losses. Hence the deepening of the depression. The last factor which is a cause of the great depression is watering of prices, this is virtually increasing the value of the product. When the product reaches the market, it would have reduced in

Related samples

Name Name von Professor Disziplin Datum Inhalt TOC o "1-3" h z u 1 Einleitung PAGEREF _Toc507996845 h 32 Chancen und Risiken der Digitalisierung PAGEREF...

Motivation und Gesundheitsverhalten Inhaltsverzeichnis TOC o "1-3" h z u Abbildungsverzeichnis PAGEREF _Toc507269413 h 31. Gesundheit und gesundheitsbezogenes...

Descartes
0
(0)

DESCARTES MEDITATION Student’s Name Institution Introduction This term paper reflects Descartes’ meditation. It gives a critical analysis concerning the...

Student’s Name: Professor’s Name: Course Number: Date: Schizophrenia Psychological disorders are a pattern of irregular thoughts and behaviors which impede a...

Comments

Leave feedback

Your email address will not be published. Required fields are marked *