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Speculation on consumer goods helped to drive the Great Depression. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand
Ernie Banks of the Chicago Cubs
Prior to the 1920s, people usually borrowed to finance a new business, get crops in the ground, buy a house, or improve an existing business. The 1920s saw people borrowing simply to improved their lives, purchasing things like refrigerators, cars, entertainment equipment, etc. They went into debt merely to consume products, not to produce anything. One of the major causes of buying on time (installment buying) was the amount of inventory produced by businesses aimed at consumers, and advertising. This new form of "business activity" convinced people they needed things which they had never particularly noticed before.
They provided Britain’s factories with raw materials.
They gave small portions of money to the citizens per month. It helped if they had more family members
they ruled,
The great Depression was just a time when money was tight, they did what kids today do at recess, talk, eat, and play.
The War of the Worlds did not play a direct role in the Great Depression. The Great Depression was primarily caused by a combination of stock market crash in 1929, economic downturn, and banking failures. The War of the Worlds was a radio broadcast in 1938 that caused panic but did not have any long-term impact on the economic conditions of the Great Depression.
Speculation on consumer goods helped to drive the Great Depression. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand
No, rubbing a dog's belly does not cause depression. Too much change, not enough exercise, play, can cause depression in dogs. A great resource for information on dog depression is: http://dogtime.com/depression.html
Only when the nation began to prepare for World War II, along with massive purchases of American goods from abroad (and American rearmament), did the Great Depression come to an end. By 1939 the economy was on an upswing and by 1940, after war had begun in Europe, the Great Depression was history.
Ernie Banks of the Chicago Cubs
Prior to the 1920s, people usually borrowed to finance a new business, get crops in the ground, buy a house, or improve an existing business. The 1920s saw people borrowing simply to improved their lives, purchasing things like refrigerators, cars, entertainment equipment, etc. They went into debt merely to consume products, not to produce anything. One of the major causes of buying on time (installment buying) was the amount of inventory produced by businesses aimed at consumers, and advertising. This new form of "business activity" convinced people they needed things which they had never particularly noticed before.
Games were popular during the depression as well. Chess was very popular in cities, and let us not forget monopoly which had its origins around that period.
(Apex) They provided British factories with raw materials.
They provided Britain’s factories with raw materials.
They played with the toys they had and tried to play some people for jobs. love yah, ajolae Thompson