Comparing The Great Depression And The Closing Of The Ford Plant

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At an earlier age, we were taught that the Great Depression was an effect of the stock market crash in 1929. Since then we have learned that the stock market crash was one of many causes of the Great Depression. When the stock market crashed, it scared everyone into a panic. The stock prices decreased which caused people and businesses to lose their money. Seeing how the economy was so shaky, people began to lose confidence. When the businesses started to lose their money, they had to start letting their workers go. This resulted in the unemployment rate rising immensely. The closing of the Ford Plant is an example of the spike in the unemployment rate. People without work were unable to make an income which meant they had to change the way
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