2007-03-16 12:01:51 · 12 answers · asked by misslibra06 1 in Politics & Government ➔ Other - Politics & Government
Greed and fear of losing vast sums of money which many people did. Once any major market starts to drop quickly, pangs of panic start appearing and more selling only triggers more selling. Unless you want to be holding worthless paper, you sell too. It's not much different today. There are some protections in place mostly on the federal end, still, look at Enron and how many people who worked there had stock there, worthless. It's not uncommon for people to lose thousands overnight from the value of their investments. The people with the big money, when they pulled it out of the stock market and closed their businesses, the game was over.
2007-03-16 12:18:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There were many things that contributed to the Depression. Too much money in circulation, over speculation in the stock markets, changes in the weather causing food production to lessen, banks fearing inflation,and other smaller problems that fueled the stock market collapse and bank failures that led to the decade long depression.
2007-03-16 12:19:35 · answer #2 · answered by david b 4 · 0⤊ 0⤋
The Federal Reserve Bank (a private organization, by the way) was challenged by all branches of government who finally decided that they should be ousted. To combat this, the Federal Reserve decided to let the government understand just how much power they had, and that it would not be a good move to try and oust them.
They horded gold and made worthless paper money.
President Kennedy, later decided to bring back a dollar that was actually worth something, and the Federal Reserve was challenged once again...
You know what happened next...
Bang.
The worst part...
The people of this country that I refer to as Zombie's, know alot of this stuff, but still do nothing.
What are you gonna do?
2007-03-16 12:50:54 · answer #3 · answered by Christian Paragon 3 · 1⤊ 0⤋
Federal reserv act of 1913
2007-03-20 11:50:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
it was caused by a lack of trust in our government by society .a run on the banks .money did not move around .
2007-03-16 12:06:25 · answer #5 · answered by josh s 3 · 0⤊ 0⤋
The banking institutions that decided to print money on useless paper.
2007-03-16 12:05:49 · answer #6 · answered by jeb black 5 · 1⤊ 0⤋
stock market crashed. money was lost. Banks didnt insure your money like they do now. called F (something) IC
2007-03-16 12:05:54 · answer #7 · answered by blueeyes 2 · 0⤊ 0⤋
Infidelity.
Unfaithfulness to verities that protect civilizations from gross errors, enormous losses and extended grief.
We deserve another doozie, right about now.
Are you all preparing?
.
2007-03-16 21:15:21 · answer #8 · answered by Anonymous · 0⤊ 1⤋
People buying stock on margin, then panicking
2007-03-16 12:09:50 · answer #9 · answered by Clown Knows 7 · 0⤊ 0⤋
http://en.wikipedia.org/wiki/Great_Depression
2007-03-16 12:05:13 · answer #10 · answered by FaerieWhings 7 · 0⤊ 0⤋