The Great Depression A Worldwide Economic Downfall That...

The Great Depression was a worldwide economic downfall that was preceded by the Stock Market Crash of 1929. The timing of when the event hit countries varied; for some it started in 1929 following the Stock Market Crash and for others didn’t begin until 1930 and lasted until the late 1930’s or early to middle 1940’s. It was the longest and most severe economic depression up to it’s time. The Great Depression affected many businesses, homes, families, people, and investors. During the 1920’s The U.S stock market surged and expanded reaching it’s apex. Soon after, in October of 1929, the U.S Stock Market crashed, which caused the Great Depression. Billions of dollars were lost as prices of almost every stock severely dropped. It wiped out many investors and companies. Some companies took twenty-five to thirty years to just rebuild back up to their point of success they had before the crash. There then began the slow and gradual improvement, be cause there was only was only one direction the stock prices could now go, and that was up. With stock prices quickly descending, the vast majority of investors and families ran to their banks to withdraw what they could out of the banks and their investments to save what money they could salvage before they lost it all. With that happening, the banks and stock markets became financially unstable due to vast amounts of money being taken out. The banks and U.S Stock Market soon after fell and stock prices were at an all time low.Show MoreRelatedThe Great Depression And Economic Depression Essay3400 Words   |  14 PagesSummary The Great Depression was an economic depreciation in Europe, North America and other industrialized areas globally that commenced in 1929 and endured until about 1939. The depression stirred severe effects in the U.S.A that left its economy on the brink of a downfall. The research investigates the causes and reasons that influenced the great recession in the United States of America. The causes comprise of the hazardous decline of the Stock Market in that occurred in 1929 which sent theRead MoreRise and Fall of Lehman Brothers11214 Words   |  45 PagesSemester of MBA- LLM/MBL Degree course, for Financial Market and Regulatory Systems Submitted to: Submitted By: Mr. P.K. Jain Parinita Jhawar (261) Mr. Sharad Kothari Romi Kansara (267) Faculty in-charge Sanjana Khanna (268) M.B.A.-M.B.L. (III Sem) ------------------------------------------------- INTRODUCTION In an increasingly interdependent financial world the recent Global Economic Crisis has had a cascading effect on the economies acrossRead MoreDeveloping Management Skills404131 Words   |  1617 PagesPermissions Department, One Lake Street, Upper Saddle River, New Jersey 07458. Many of the designations by manufacturers and seller to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations have been printed in initial caps or all caps. Library of Congress Cataloging-in-Publication Data Whetten, David A. (David Allred) Developing management skills /David A. Whetten, Kim S. Cameron.—8th ed