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The Depression
Beginning of Essay
Imagine for a moment, waking up one day to find yourself on a dirty floor, a pile of rags, or maybe even the street. You look down at yourself to find you’re wearing the same clothes you wore yesterday, except they are completely filthy and have lots of holes .... Middle of Essay .... with agriculture and the stock m arket. The outlook for the future was great, but people failed to understand that economies can’t be on the upswing forever, it has to come down sometime. All of the signs of a depression were there; the farmers were producing too much, the uneven distr ibution of income, easy credit/huge debts, imbalance of foreign trade; people just didn’t notice them. Not until October 29, 1929--BLACK TUESDAY--anyway, when the bottom of the stock market fell out, taking millions of American lives with it. Even thoug h any didn’t admit it, they knew what was on the way. People who had been buying stocks on margin (10% d ....
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Words: 761 - Pages: 3
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