Visual Studies Workshop/Getty Images
While the stock market crash of 1929 marked the start of the crisis, it wasn't — contrary to popular belief — the sole reason for it. Many other factors combined to create the Great Depression, from ill-timed tariffs to misguided moves by the young Federal Reserve.
Even worse, many people bought shares on margin, generally needing just 10% of a stock's price to make a purchase . That, in, turn, inflated prices, with shares selling for more money than justified by their companies' actual earnings. A similar crisis was occurring in agriculture. During World War I, farmers had bought more machinery to boost production — a costly move that put them in debt. But, in the post-war economy, they ended up producing far more supply than consumers needed. Land and crop values plummeted.
Ultimately, the decrease in the money supply led to deflation. That, in turn, caused sky-high increases in real interest rates, which choked off any chances of companies investing or expanding. President Herbert Hoover's response to the economic crisis was tardy. A believer in minimal government intervention, he considered direct public relief character-weakening. He did eventually start spending and launched lending and public works projects.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Inside the last workshop making traditional Portuguese cowbells by hand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
5 factors every leader should consider when hiring - Business InsiderI'm the CEO of Okta, a $27 billion tech company, and one big secret to our success is hitting our headcount. Here's how I track it and what I think executives need to prioritize when hiring. (by toddmckinnon) toddmckinnon Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Webinar with Business Insider's politics team on presidential election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Of course the debates are superfluous. They give people the wrong reasons to vote for a candidate, i.e., who is the most handsome, most witty, most funny, give the best one liners, reads the best speech, etc.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Whole Foods employees say Amazon workers are causing chaos in stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. the next normal shouldnt look like this LimVannie TOTAL hatchet job! How about you do a balanced piece by interviewing ANONYMOUS people from BOTH sides of this issue? It's pretty disgusting to see people just doing their jobs mind you, being referred to as 'vultures' by an un named manager no less. WFM exists now because of AMZ! Amazon saved WFM - now people like the one who wrote the one sided article I'm tweeting about are making working as a shopper like walking into a hostile work environment, and I pity those who are doing so on the daily..... TellBothSides!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »