Mora-Haley: What Caused the Great Depression?
What are people doing When they “speculate in the stock market”?
“Security (stock) prices were forced up by competitive bidding rather than by any fundamental improvement in American corporate enterprise.”
WHAT DOES THIS STATMENT MEAN?????
What is installment buying? How can installment buying help cause depression?
What does this Mean, “quantity prosperity”?
How can “quantity prosperity” cause a depression?
Answers and Views:
Answer by “This Guy”
business’s need money to expand their business (buildings, new departments, more rooms) pretty much anything like that. When they are adding onto their business they need to hire more people to run that part of the business. Those new people just got a job and are now making money. They either A. Spend money on toys, like T.V.s, cars, houses, anything. Or. B. They invest their money in the stock market which gives either big business’ or small business money to add on to your business. Spending money and investing money is what makes our country go round. Once you give a huge hype about the next great depression it makes people sell their investments and leaving business’s high and dry, making them bankrupt or struggling to survive. Liberals want to take money from Big Business’s and give them to poor people so instead of the Business’s adding onto their business they actually lose money and are forced to fire people. The more money you take from them the less the jobs there will be, and less spending. Liberals want to tax as much as they can so they can make everyone poor. Liberals goals are to make everyone poor so everyone is forced to rely on the government.. that is my answer.
The “Great Depression” wasn’t actually a psychological issue – it was an economical one. While it did cause psychological depression for citizens, I think you’re wanting the question answered from an economical standpoint.
Your question is best posted in the social studies/economics/business threads – you may not get the answer you’re looking for under the psych thread.
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