The Wall Street Crash and the Great Depression

Docs en anglais | 3 pages | 13-05-2006 | Format : | Note : Non noté |

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Résumé

Commentary about the Wall Street Crash and the Great Depression which followed. We base our study on various documents (text, picture, cartoon) to explain why the crash in 1929 was inevitable first, then what happened on the last days of october 1929 and finally to show the outcome of this crash, i.e. the Great Depression. All the key words are in red.

Extract:

For eight years, between 1921 and 1929, there was a boom in the American economy and we called this period the “roaring twenties”. In 1928 the new Republican President, Herbert Hoover confidently stated 'We in America today are nearer to the final triumph over poverty than ever before in the history of any land.' He also promised the American people a chicken in every pot and a car in every garage'. Business was doing well, sales increased, profits increased and the prices of ...

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