The Great Depression

Writing Issue # 2 - "Too large to fail" In the 1930s, America experienced the worst financial crisis so far. During the 2007-2009 financial crisis, the United States experienced a series of bank failures and massive debt increases at the federal budget. However, the government has intervened to prevent some of these failures, and through this point the concept of "too much failure" reappeared.

The root cause of the Great Depression The Great Depression was the longest period the US economy continued to decline. The Great Depression from 1929 to 1939 lasted about 10 years, the day of the stock market crash in 1929 and the beginning of World War II. Many factors actually resulted in the Great Depression. The well-known factor said to have caused the Great Depression was the stock market crash in 1929, which is not directly correct. The market crash is a sign of the Great Depression, it is only a transition.

Due to the occurrence of the Great Depression in 1929, global prosperity has made tremendous changes. The collapse of Wall Street in 1929 broke the end of the previous era with the advent of the Great Depression. The Great Depression is the beginning of the global recession, most of it began in 1929 and ended in various countries at different times in the 1930s or early 1940s. It is the largest and most important economic depression in the 20th century and was used as an example of how far the world economy can go in the 21st century.

Social influence of the Great Depression 2: Optimism towards despair: On October 29, 1929 (Black Tuesday) the Great Depression was caused by the fall of Wall Street, which leads to bankruptcy, large-scale unemployment leads to the Great Depression, It became optimistic almost overnight. Disappeared, homeless and desperate. Social impact of the Great Depression 3: Social impact of debt: few Americans prepare for economic collapse. The emergence of new products, the rise of consumerism in the 1920s, and the ease of credit were brought. There are 3-4 million Americans (about 10% of American households) who invest in the stock market and pay "buy at margin" loans. Many Americans are in debt. Many people lost their lives. People who are unemployed also lose their homes.