How Black Thursday affect us today? (October 24.1929)?
Write an article on Black Thursday (October 24, 1929). I want to a valid point that the event has affected us today. And I have two examples: – stronger banking systems – shaped our security laws that I have a lot of information on them. However, I deeply appreciate any assistance. Thanks! In the U.S. (Also need the source (s) that were used. (Not can Wikipedia)
Governments have also installed the social welfare policies to protect citizens. Many people thought that the depression of 1929-33 was the direct result of WW1. Capitalism has not worked. It does not deliver the goods. The world was in a depression. In the U.S. one in three men were out of work.One the highest at the time. An American popular song was written at the time of the call 'Dude, can you spare a dime. What happened was the time the old economic theories were not changing, until John Keynes Mayard wine. The answer to your question lies in the changing economic environment at that time. Capitalism not lead to the consequences of that great day. People have lost fortunes overnight.
The Bottle Song by The Rose Chronicles
