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Essay

great depression

Essay specific features

 

Issue:

History

 

Written by:

Stephanie H

 

Date added:

June 2, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 530

 

Was viewed:

7642 times

 

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Essay content:

An item was bought at the original price; eventually it was cheaper than credit buying. As credit buying swept the country the potential economic blow was getting harder to avoid. Not only credit buying of household goods but credit buying of stocks. It was considered the way to get rich and fast! Young farmers with big dreams, wives and children saw this opportunity as a blessing...
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After pouring all the family's savings into a stock like General Motors or Hudson Bay Company they would wait and let their stocks get them rich overnight. But when the stocks started to fall everybody tried to sell theirs fast and at the best rate possible. When and if it was sold they didn't reap rewards but would have instead lost money, which none could afford to have happen...
displayed 300 characters

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