Economical Events that lead up to the Great Depression
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In the 1920's, things were really rocking in the US and around the world. The rapid increase in industrialization was fueling growth in the economy, and technology improvements had the leading economists believing that the up rise would continue. During this boom period, wages increased along with consumer spending, and stock prices began to rise as well. Billions of dollars were invested in the stock market as people began speculating on the rising stock …
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…a downturn in the economy, which created a surplus.
If there had been restriction placed in backing in investment in the stock market, and the manufacture of goods there might not have been such drastic consequences. All of these areas affected each other. If the changes had taken place gradually it might have not have caused the stock market to crash, run on the banks, and surplus of goods which cause tremendous unemployment.
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