New Money Vs Old Money In The 1920s Essay Sample

New Money Vs Old Money In The 1920s Essay Sample

In the 1920s speculation caused many people to buy stocks with loaned money, then use them to buy more stocks. “Broker’s loans went from under $5 million in mid 1928 to $850 million in September of 1929. The stock market boom was very unsteady, because it was based on borrowed money and false …

… more stocks. “Broker’s loans went from under $5 million in mid 1928 to $850 million in September of 1929. The stock market boom was very unsteady, because it was based on borrowed money and false optimism. When investors lost confidence, the stock market collapsed, taking them along with it (Bergen.org).” The Great Depression followed the stock market crash of 1929, and people found it harder …

… and government.
“In one hundred days, FDR pushed program after program through Congress to create jobs, provide relief, and get the economy going with very little resistance (Bergen.org).” I believe that with the readiness of the people, the New Deal was able to save capitalism in the United States and rebuild the economy to be able to handle the successes of a booming economy, as well …

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