The Great Depression started in about 1929, official start date of it considered as Black Tuesday on October 29, 1929. The Great depression was affected working-class and to a somewhat lesser degree middle-class people. No one was unscathed,however. Many wealthy people lost everything, going from being princes to paupers. The great depression was also about the stock market crashing. The stock market crash resulted in the loss of capital by businesses, and the loss of personal and investment income by individual stockholder. The thing that brought america out of the depression was world war 2.
No comments:
Post a Comment