Stock Market Crash as the Cause of the Great Depression Essay -- Ameri

What Was the consume Cause Of The gigantic Depression?The United States huge Depression leads more people to believe different stories about what actually beard it. The Stock market Crash in October of 1929 is often referred to as the beginning of the Great Depression, nevertheless did it actually cause it? The answer is that it was the spark that lit the flame of the Great Depression.The Great depression was a financial decline that started in 1929 and lasted by means of most of the 1930s. Its pinpoint was in North America and Europe, exclusively plagued countries almost the world (especially developed countries). Unemployment and homelessness sky rocketed and construction practically stopped in many countries. Industrial product declined by 50%, international change plummeted 30%, and investment plunged 98%. The Great Depression was more unspeakable and lengthy in the United States than in another(prenominal) developed countries. The unemployment respect rose higher and remained higher longer than in any other western country. As it expanded, the depression, for many Americans, was a hard time. (Garraty 3, Nardo 29-31)By the fall of 1929 most Americans had reached the peak of success, wealth and happiness. Just a course of instruction before, President Hoover predicted that the day when poverty in the United States would be totally eliminated was slowly but surely arriving. James Horan refers to the date of reference as, a time of plenty. This was because the country was at the height of a commodious industrial development which begun after the end of the Civil War. Mass production was in high gear. The middle class was very agreeable after receiving a large amount of goods. It was a lavish era of silk shirts and two-car garages.(Nardo 29)The stock market was very successful there were pl... ...eople with nothing but each other. The Great Depression was definitely a terrible job in the United States. Like every other problem, there is a root cause, and for this problem it was the crash of the stock market in 1929. This authorship corroborates that the crash of the New York stock market in 1929 was the exact cause of the Great Depression. Works CitedDudley, William. The Great Depression Opposing Viewpoints. San Diego Greenhaven Press, Inc., 1994.Garraty, John A. The Great Depression. San Diego. Harcourt Brace Jovanovich, 1986.Nardo, Don. The Great Depression. San Diego Greenhaven Press, Inc., 2000.Problems of the Great Depression. Online Available http//www.bergen.org/AAST/projects/depression/problems.html, November 25, 2006.Stock mart Crash of 1929. Online Available http//www.stock-market-crash.net/1929.htm, October 9, 2006.