 |
Senior Member
|
|
Join Date: Mar 2007
Location: London
Posts: 7,152
Favourites (more):
CBB 10: Coleen Nolan BB13: Deana
|
|
Senior Member
Join Date: Mar 2007
Location: London
Posts: 7,152
Favourites (more):
CBB 10: Coleen Nolan BB13: Deana
|
Do you think our credit crunch is going to get as bad as \"The Great Depression\" in 1920\'s - 19-30\'s?
Hello.
I was thinking this the other day.
Do you think our credit crunch is going to get as bad as "The Great Depression" in 1920's - 19-30's?
For those of you who dont know what the great depression is, it was a period in history where thee was a worldwide economic crisis. It was the largest and most important economic depression in the 20th century, and is used in the 21st century as an example of how far the world's economy can fall. The Great Depression started in the United States and many historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday.
Then the wall street crash occured and the prices started to increase by the second. There was an example of man who entered a cafe, a man had $8000, just enough for one cup of coffee, and the time he finished it rose to $10, 000. So he owed $2000.
So do you think it will be as bad as that?
x
|