who made money during the Great Depression.
Could the Great Depression have been “fixed” in 2-4 years? END EDIT For a while the time period I’ve been interested in studying is The Great Depression. If we know how it happened, and how we got out of it, we might recognize and prevent a repeat (and Recessions). The general understanding is that the Stock Market Crash of 1929 was the start of The Great Depression. The common man had bought stock on credit (margin?) and when the prices fell, they couldn’t pay their debt. Consumer purchasing dropped, and industrial production fell leading to layoffs. Tariffs were raised causing a trade war leading to further drop in production and layoffs. Farmers couldn’t get good prices for their goods, so agricultural production declined, and somehow the Dustbowl fits into this, too (cause or effect?) spurring migration to California. The general understanding is that F.D. Roosevelt came along with his New Deal to regulate banking and put people to work through make-work programs. Workers thus avoi
