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Wednesday, March 20, 2019

stock market crash Essay -- essays research papers

The Stock Market crash of 1929 has been looked at as the greatest symbol of depression is our countries history. Although the Stock Market crashing had a broad effect on the beginning of the peachy Depression, there are inactive factors to consider when looking for a source to blame. Its hard to prepare responsibility on the old-hat market for something so huge and disheartening. The neat Depression is seen as a slippery road downward, not a sudden jolt into hopelessness.The Stock Market in the 1920s had consistently seen prices climb over the last few years. By the fall of 1929 the prices of stock were severely overpriced and unaffordable. When stockholders saw the severity in the prices they all panicky and began to sell all the stock that they owned. This is what caused the Stock Market to crash. Other causes for the Great Depression are there just not obvious. The Tax constitution in the United States in this period was struggling. Income Tax on the spirit class was way too high. The middle class would end up paying the vast majority of the tax. Rich and well off people, seemed to take loopholes in the system to get around paying the taxes that they should. This led to the mystifying getting richer and the poor got poorer. Unemployment rose to a high of 25%. cod to the lack of money in the middle class Americans pocket, there was a great problem with overproduction. The products were being made, but...

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