Papers on Economy and Money
The Great Depression
Words: 1886 - Pages: 7.... Italy from 1922 to 1943 just like
Hitler was dictator of Germany from 1933 to 1945. Relation between the nations
suffer during a depression. Basically each country tries to protect its own
interests without concerns of other nations.
Depression hurt a lot of people, especially working people who lose there jobs.
Bank failures clean out some depositors savings if funds are not ensured. When
there was the depression, most people can not meet the house or apartment
payments so they lose there homes and become homeless.
During a depression some people must live on charity just to support themselves
and there families. Sometimes the people w .....
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Black Thursday
Words: 364 - Pages: 2.... their homes, and cashed in safer investments, such as treasury bonds and bank accounts.
As the prices continued to ascend, some economic analysts began to warn of an impending correction, but they were largely ignored by the money-hungry population. Many banks, eager to increase their profits, began speculating dangerously with their investments as well. Finally, in October of 1929, the buying craze began to dwindle and gave way to an even wilder selling craze.
The bottom began to fall out on Thursday, October 24, 1929. Prices dropped precipitously as more and more investors tried to sell their holdings. The New York Stock Exchange had .....
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Industrial Transformation: Economic Development Between 1865-1900
Words: 1195 - Pages: 5.... a while, but they did not produce profits to owners like the rails did. During this time period, there were also only two cities in the whole Union that produced over $100,000,000 a year, when at the turn of the century there were individuals that were worth more then that at some point in there life. The first rail roads were not made till 1828, but in 1870, they were making more in a year then there was prior put together almost. Towards the 1850’s the fastest transport to the west was the Pony Express, but in the 1870’s there was the Trans-Continental rail road, and the Southern Pacific Rail Road along with the telegraph and soo .....
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