Try the great depression?
Heres some info on it: ( I tried to reword most of the stuff in my own words)
Top 5 Causes of the Great Depression – Global Domino Results
The Booming 20 's back. Before the planet entered an economic slump, stock market success was well above par and manufacturing production was more productive than it had ever been. ...
The product of the financial recession. ...
Crash on the stock exchange. ...
The cup of ashes. ...
The Rule on the Smoot-Hawley Tariff.
How did it happen?
It started after the stock market crash of October 1929, which caused Wall Street to panic and wiped out millions of investors. For the past two years, consumer spending and investment have plummeted, leading to sharp decreases in economic production and wages, as struggling businesses have laid off employees.
How did it end?
The common view of economic historians is that the Great Depression started with the Second World War. ... When the United States entered the war in 1941, it gradually reversed the last traces of the Great Depression and reduced U.S. unemployment by less than 10%.
Timeline of The Great Depression
The Great Depression lasted from August 1929 to June 1938, nearly ten years. The economy began to shrink in August 1929, months before the fall of the stock market in October of that year. 1 It started growing again in 1938, but until 1941, unemployment remained above 10%.
What was the great depression?
The Great Depression was the worst and deepest economic recession in modern world history. It started with the US stock market collapse of 1929 and concluded only in 1946 after the Second World War. Economists and historians also cite the Great Depression as the most devastating economic case of the 20th century.
Stock Market Crash
Crash on the Stock Exchange
During the brief depression that lasted from 1920 to 1921, known as the Forgotten Depression, the U.S. stock market plummeted by almost 50% and company earnings plummeted by more than 90%. However, the US economy has experienced strong growth over the remainder of the decade. The Roaring Twenties, as the century came to be called, was a time when the American public first discovered the stock market and the dove in the ears.
Speculative frenzies have influenced both the land markets and the New York Stock Exchange (NYSE). Loose money supply and high levels of investor margin trading have helped fuel an extraordinary rise in asset prices. As of October 1929, stock values grew to an all-time record multiple of more than 30-fold earnings, and the index Dow Jones Industrial Average increased by 500 percent in just five years. In the end, the convergence of these causes will spark the stock market crash.
Some bullet points:
-The Great Depression was the worst and deepest economic recession in modern world history.
-In the 1920s, the American public started a binge of trading in the speculative market.
-The 1929 stock collapse washed out a significant amount of nominal capital for people and companies alike.
-Other causes, including inactivity accompanied by overaction by the Fed, have also led to the Great Depression.
-Both Presidents Hoover and Roosevelt have sought to minimize the effects of depression through government policies.
-Neither the actions of the government nor the advent of the Second World War can be credited with bringing an end to the depression.
-The trading routes produced during the Second World War remained open and helped the market recover.
it won't let me include the links sorry
