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The Pros And Cons Of The Great Depression

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The Great Depression was the period of time after the stock market crash. It was a hard time for many citizens and hit the country hard financially. In the early 1900’s, the stock market was the place for everyone to pour their savings into stocks. Due to this, the stock market quickly expanded, reaching a peak in the August of 1929. Before then, production had already started to slow and unemployment had begun to take ahold of America. This left stock prices looking higher than they actually were.
Wages by that time were also unbearably low. Consumer debt was on the rise, agricultural was struggling and food prices were too low for farmers to make a decent profit. Banks had large amount of big loans that they could not liquidate. The economy

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