The Great Depression was one of the worst periods in American history. In 1929, the stock market collapsed and sent America into an economic depression. Unregulated banking, world economy, and credit contributed to the stock market crash.
Unregulated banking was a factor that caused the great depression. In the 1920’s, banks were not regulated by the government. Many banks invested in the stock market with customers money. When thousands of people tried to withdraw money, the bank had none. People lost their life savings! During the depression, thousands of banks across the country failed.
After World War 1, many countries were struggling economically. Exchange rates were astronomical. In the text, it said “The exchange rate between the
Unregulated banking was a factor that caused the great depression. In the 1920’s, banks were not regulated by the government. Many banks invested in the stock market with customers money. When thousands of people tried to withdraw money, the bank had none. People lost their life savings! During the depression, thousands of banks across the country failed.
After World War 1, many countries were struggling economically. Exchange rates were astronomical. In the text, it said “The exchange rate between the