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Why did so many investors begin to sell off their stocks causing Black Thursday and leading to the beginning of the Great Depression?
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How can installment buying help cause depression?
Installment buying helps cause depression, because, it encourages one to do impulse buying, which can become a burden in repaying , causing depression.
In what year did the stock market crash causing the great depression?
October 29, 1929
Why was life difficult for farm laborers during the depression?
Because the Great Depression happened to coincide with the "Dust Bowl" and drought which lasted for several years causing consecutive year crop failures and bankruptcy for many farmers.
In the election of 1932 Hoover maintained that the great depression was the fault of?
Hoover blamed the Depression on foreign economic collapse over which he had no control. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.
What practice in large part caused the stock market to crash causing the great depression?
people overspeculating on stocks, using borrowed money that they couldn't repay
What is a good sentence for deperession?
Depression causes loss of sense in a person. Depression is a negative disease causing headache to people.
How do you describe a disease?
How do I describe back pain that is causing chronic depression
What happened on October 24 1929?
Thursday, October 24, 1929 : One week before the Wall Street Crash, an indication of things to come occurred on "Black Thursday" when investors on the New York Stock Exchange dumped 13 million shares, causing share values to plummet.
How can installment buying help cause depression?
Installment buying helps cause depression, because, it encourages one to do impulse buying, which can become a burden in repaying , causing depression.
In what year did the stock market crash causing the great depression?
October 29, 1929
How do you get acne from stress?
I do not think you can get Acne from Stress, but you can get stress from Acne causing a severe Depression.
Does depression cause breathing problems?
Depression can cause breathing problems by causing the person to go into a panic attack. Depression in itself, does not cause any type of lung disease that would affect your breathing.
What are some possible causes of teenage depression?
There are many causes of teenage depression. Their hormones can have a major effect. Also, moving from grammar school to high school can make them insecure causing a bit of depression.
How was us depression related to global depression?
High tariffs and war debts helped spread the depression world wide. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.
What were the causes and consequences of the panic 1893?
The panic of 1893 was an economic depression that began in 1893. Investors started cashing in their investments after a failure in the wheat crop of Buenos Aires. This caused a shock on the gold in the U. S. Treasury. People started panicking and started withdrawing all of their money from the bank causing bank runs.
True or False . Investors' fears can become so powerful that increased movement on the stock exchange occurs causing a financial panic?
true
What are the conflicts in novel ordinary people?
The conflict in the book is their younger son's depression and the father's relationship with the mother. The younger son's depression is solved when he dates a girl and when he speaks about his emotions. The father's relations with his wife was solved by when the mother moves away to Europe. In the beginning of the book, their oldest son got killed in a boat accident causing the younger son's depression. The son's depression also caused the father to care more about his son than his wife. That also cause the father and mother to part way.
