The Great Depression

The year was 1929. This is the start of the biggest national crisis since the civil war. It was the Great Depression. The communication channel market was going in a slump that started in October. By the end of Ho everyplaces term in office, unemployment rates had sky rocketed and left 12 to 14 cardinal with forbidden jobs, and the supply of coin was scarce and only getting worse.
there are many reasons that the Great Depression started. One of the more or less well known causes is the stock market crash that happened on October 29, 1929. Before this day the stock market had grown considerably, reservation companies profits go up. General Electric had tripled in value, which came out to about $396 per share of stock. After October 29th, 1992 many business woolly thousand of dollars, bullion that had just seemed to vanish into this air, never to be seen again. The stock market crash was followed by many cuts that had to be do by businesses concerning how many workers they could have and how much to fee the workers that they could keep.
Since companies could not afford to keep many of its workers and actually devote them, Hoover ordered federal departments and head of the government of organisation for construction processes to be sped up to make more inhabit for jobs for the unemployed.



After the shock had passed, Hoover announced that the worst was over and that unemployment rates were starting to get back on track. littler did he know that at that time unemployment was the only thing getting back on track for the United States!
other reason for the start of the Great Depression was overproduction. Many companies made too many products and people did not have the money to buy the products to get businesses back the money that they spent make that product, so businesses lost a large amount of their money by overproduction.
After seeing that the depression was getting worse he realized that he had to do something to try and disclose it from growing out of hand. It was well into the Great Depression that...If you deficiency to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .