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The Great depression was an eye opening downfall in Americas economy and society that showed harsh environments and characteristics effects of the stock market crashingDepression can take the form of many different categories some think of a depression of being an overwhelming sad state of mind and others think of economic downfall and money controversy but however in this case after what historians call the roaring twenties when a high economic boom in production in business jobs cars were being established as strong transportation and the movie era was on the rise With many companies having great value on the market citizens were led to be convinced that there money invested into the stocks of business would become higher in value Later came Black Tuesday on October 29 1929 the official day of the start of the great depression With many companies having great value on the market citizens were led to be convinced that there money invested into the stocks of business would become higher in value The day the stock market crashed the great depression officially started Many historians say the great depression did not happen overnight which perhaps is true based on certain facts and situations Deflation and cost and demand of value were a big part Deflation was caused by debt liquidation distress selling price cuts and supply and demand drops If no one is buying your goods you are not making back the money and interest you spent to make your product then adding the cost of paying back stock holders and business workers Investing citizens took advantage of Millions of American Citizens with different careers like doctors shoeshine boys file clerks and waitresses lost all their hard earned money from little money at a young age to the adulthood in the prime of their careers investing their life savings in stocks buying on margin allowed the investor to get a portion of stock on credit from a broker Then
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