1. The Stock Market Crash of 1929
... national product declined by over half from the 1929 figure of $130,828,000,000 to $55,760,000,000 in 1933 ("Great Depression" par 1). Money invested in the stock market plummeted by 98% from 1929 to 1932 ("Great Depression" 505). The article "Great Depression" states that "in 1932, stock values were barely 20% of the 1929 peak" (505). The stock market crash of 1929 caused America's banks to fail, which caused ... unemployment to skyrocket, and led to the creation of the New Deal. Just after the crash, swarms of people ... ...
- Word Count: 1107
- Approx Pages: 4
- Grade Level: High School