The Great Depression Thesis
The stock market that had for long been viewed as a path to wealth and richness was now a sure path to bankruptcy (Martin 106).
Economic impact of the Great Depression Failure of the stock market.
That was the official date when the Great Depression started.
The stock market prices crashed to an extent that there was no hope for them to rise again.
This affected the labor in the businesses since they had to cut on the number of workers who worked in the corresponding companies.
Employees’ wages were also affected because any business could not pay them again as required.
What is more, it was a disadvantage to those who did not withdraw their money because of not reaching the bank on time.
After the banks closed, people went bankrupt and could not claim anything whosoever. Industries and businesses were highly affected too.
The farmers were used to overgrazing, and now this had to combine with the effects of drought leading to a blow to the farmers.The loose dirt was picked by the whirled wind, and topsoil got exposed.The farmers were left without crops as the wind picked up everything on its way (Martin 200). Small scale farmers were more disadvantaged than the large scale farmers.In other words, your task is to show how one thing leads to another.In most cases, you will need to demonstrate how multiple c...A long period of panic struck, and there was darkness in terms of stock market prices.Many people tried as they could to sell their stock, but, unfortunately, no one was ready to buy.After almost a decade of prosperity and optimism, the US was now exposed to a period of despair.The day when this happened is referred to as Black Tuesday, and it is the day when the stock market crashed.They turned out to have a small piece of land on which they had to get their daily bread.Some of these farmers asked for tractors from their respective governments, and thus, they were made to pay some amount to cater for those.