The Main Cause of the great depression was the combination of the unequal distibution of wealth, and the extenstive stock market speculation. Stock market speculation is the chance you make in risk of a loss and no return.
http://www.gusmorino.com/pag3/greatdepression/
Effects of great depression affected the american people badly because there wasnt a welfare system for people who were unemployed. Repossion of cars and houses became very common cause people couldnt aford them anymore. Stock markets crashed causeing even rich people to crash over night.
http://www.thegreatdepression.co.uk/effects-on-america/
We came out of the great depression because of the new deal. President Roosevelt had an idea of providing relief to unemployed people, and the manufactoring sector. He promoted the American Finance system so they would not have anoter depression. The new deal helped come up with social securtity.
1 comment:
you have a good start here, how ever you need to provide more details. Please edit this post and include the following.
1. expand on what is stock market speculation. explain it in your own words.
3. please provide more details on the new deal and what this plan entailed.
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