Educational Business History Demo
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
The Great Depression of the 19 thirties is considered the worst economic downturn in the history of the industrialized world in the late 19 twenties. After an economic boom and expansion of the stock market, the U. S. Economy became unstable when food prices fell, Consumer spending decreased and the banks had an excess of loans that couldn't be liquidated. The stock market crashed on October 29, 1929. Known as black Tuesday stocks became worthless and consumer confidence plummeted, signaling the beginning of the Great Depression. Confidence in banks vanished too. As people panicked and hoarded cash businesses failed, unemployment exploded, homelessness spiked.