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Profits were down because customers had no money.
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How far did the prices of stock fall during the Great Depression?
18,000,500 dollars a second
Why did people call shanty towns hoovervilles?
The word 'Hooverville' in the Great Depression was named after the President of the United States, Herbert Hoover because he allegedly let the nation fall into a depression. 'Hoovervilles' were nothing more than shanty towns built for the homeless.
When did the Great Depression begin and end?
The Stock Market Crash of 1929 signaled the beginning of the Great Depression. By 1939 the economy was on an upswing and by 1940, after World War II had begun in Europe, the Great Depression was history.
Why did some businesses not do well in the 1920's?
Looking at the volume of transactions, especially in the finance industry, in the 1920s, a picture of wealth and prosperity is painted. This proved to be largely a false picture due to the large scale use of "margins," or essentially credit, for the purchase of stocks. This practice was a major contributing factor to the Great Depression of the 1930s.
What was the NCC during the Great Depression?
Too help stop the bank failures in the US during the start of the Great Depression, Hoover's Secretary of the Treasury, Andrew Mellon, proposed that the major banks and financiers pool their private funds into a National Credit Corporation. Eventually, $500,000,000 was placed in the NCC with the purpose being to loan money to banks that were on the verge of failing. Unfortunately, the NCC did not succeed in stopping the banking collapse because it lent the money to banks that were already financially sound and could meet the collateral requirements of the NCC.. The banking system continued to fall apart and the NCC was replaced by the RFC.
How far did the prices of stock fall during the Great Depression?
18,000,500 dollars a second
Which came first the stock market or the great depression?
The Stock Market, as the fall of the market caused the Great Depression
What were some situations during the Great Depression?
A particular situation was when your penis would fall off because of malnutrition and lack of protien. People needed Viagra, but they couldn't afford of. Fortunatly this problem was solved by strap ons...which are still enjoyed today. There you go one particular situation during the great depression!!!
Did president hoover present a false or an accurate image of the depression to the american public?
President Hoover presented a more optimistic and inaccurate image of the Great Depression to the American public. He downplayed the severity of the economic crisis and emphasized the need for voluntary efforts and private initiative to solve the problems. This approach undermined public confidence and contributed to a lack of effective government intervention during the early years of the Depression.
What was the name of the worldwide widespread depression in 1932?
In October 29, 1929, the US stock market fall down which was the start of economic depression that circulated around the world. . The collapsed was called "The Great Depression".
Why did people call shanty towns hoovervilles?
The word 'Hooverville' in the Great Depression was named after the President of the United States, Herbert Hoover because he allegedly let the nation fall into a depression. 'Hoovervilles' were nothing more than shanty towns built for the homeless.
How did the Great Depression impact the United State and Germany differently?
It contributed to the fall of democracy in Germany, But not in the United States
After the fall of the economy in 1929, what did classical economists believe to be the solution to the Great Depression?
wait for the economy to achieve equilibrium
Is property investment in Jacksonville declining?
Yes, because as of late the economy his reached it's lowest brink point since the fall of the stock market during the Great Depression. Which caused it's declining investment.
Why did people in the great depression call their temporary settlement communities?
The word 'Hooverville' in the Great Depression was named after the President of the United States, Herbert Hoover because he allegedly let the nation fall into a depression. 'Hoovervilles' were nothing more than shanty towns built for the homeless.
When did the Great Depression begin and end?
The Stock Market Crash of 1929 signaled the beginning of the Great Depression. By 1939 the economy was on an upswing and by 1940, after World War II had begun in Europe, the Great Depression was history.
Which country did not fall to the Nazis during world war 2?
Great Britain did not.
