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How did the Roaring Twenties lead to the Great Depression?

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2013-03-13 21:21:00
2013-03-13 21:21:00

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AnswerIn the 1920's, there was a lot of artificial wealth created. Many people were rich on paper, but had no tangible holdings to back it up. Companies invested in each other and the stock market was artifically boosted. In October 1929, when citizens began a "run" on banks to withdraw their money, it was discovered that their money wasn't really there. This led to panic, bankruptcies, unemployment, foreclosures, etc.
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