Text from NoemiDeCarolis -
English
The Great Depression
- The great depression was an economic crisis which took place in the USA in the 1930s.
- The staple causes of this economic catastrophe were the unequality of wealth between rich and working classes , the pressing stock market's speculation and expecially the overproduction of needs which people couldn't afford theese facts brought to the concept of ' buying now and paying later'.
- At the end of this decade rich people stopped investing their money and poor people stopped buying things because they weren't able to pay the interests.
- As a result it brought the well known 'great depression' which caused unemployment and mass suicide.
- NoemiDeCarolis
July 2016
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