The Great Depression 2
It all started on October 29, 1929. The stock market took an unusual twist. "It had been climbing steadily for years. It peaked then plummeted sending worry to bankers and brokers dealing in the stocks" (Nishi 11). It had been leading up to this moment for years, brokers were buying stocks on credit. If the stocks did well then there was never any problem. If the stock fell though, the bank would demand partial or full payment. Everyone panicked, People started selling stocks for only a fraction of their value. The last big scare, (October 24) the brokers started buying up large pieces of stock in the afternoon thus saving the market. Everyone hoped and even expected this to happen again, but the large brokers were selling as well. By the end of the day nearly 25 million shares had been sold. Although it was one of the toughest times in America, the Great Depression strengthened us Economically, and emotionally, providing regulations so that something this mind-blowing should never bother a great nation like this again The American people were still feeling the economic boom from the roaring twenties. "You could buy anything you wanted whether you had cash or not. People were buying cars, furniture, clothing. And je
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Some common words found in the essay are:
America Depression, Dust Bowl, , Security Act, Frances Depression, President Hoover, Schiffner Frances, York Herald-Tribune, Supreme Court, Roosevelt Administration, roosevelt's deal, nine thousand banks, dust bowl, supreme court, land farmers, social security, larger farmers, security act, nine thousand, social security act, thousand banks, schiffner frances,
Approximate Word count = 1134
Approximate Pages = 5 (250 words per page double spaced)
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