Economical Events That Lead Up To The Great Depression

Essay specific features

 

Issue:

American History

 

Written by:

Betty R

 

Date added:

May 21, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 599

 

Was viewed:

9962 times

 

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Essay content:

Billions of dollars were invested in the stock market as people began speculating on the rising stock prices and buying on margin. The enormous amount of unsecured consumer debt created by this speculation left the stock market essentially off-balance. Many investors, caught up in the race to make a killing, invested their life savings, mortgaged their homes, and cashed in safer investments such as treasury bonds and bank accounts...
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Many investors, caught up in the race to make a killing, invested their life savings, mortgaged their homes, and cashed in safer investments such as treasury bonds and bank accounts. As the prices continued to rise, some economic analysts began to warn of an impending correction, but the leading pundits largely ignored them...
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