The Great Depression did not just happen in America, it was born. In the 1930's a sequence of key events and problems led to the fall of America's economy. These included speculation, depressed farms and industries, wealth distribution, low money supply, no safeguards, overproduction, unemployment, and decline in foreign trade. Speculation was a way of gambling with short term investments. Speculators bought low stocks, which they thought, would rise in price, and when they sold …
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showed last 75 words of 881 total
…them to go hungry and become homeless with their poor families. It is likely for a Depression of this caliber to hit America again because most of the causes listed are still being done today. Investors still buy on margin, there is still speculation taking place, unemployment is rising, economic injustice and social inequity is still true, and overproduction is very common. Many believe that if this country goes into war, a depression is inevitable.