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2. The crisis of 1929 and the Great Depression - Coggle Diagram
2. The crisis of 1929 and the Great Depression
2.1 An abrupt end to prosperity
During roaring twenties
Boost US economy
Massive financial growth
As a result
New york stock exchange
Overloaded
24 to 29 october 1929
Share's value fell sharply
Panic spread
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Families invested in operations of stock market
Hope to get rich
Buying and reselling stocks
Increase
in credit operations
Short lived roaring twenties
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End of a period of prosperity
Savers saw their money dissapear
Most of banks went into bankrupcy
Companies lost their value
Companies had to close down
The repercussion felt quickly around the world
Countries depend on US loans
Loans were canceled
Great Depression
Worst crisis in the capitalist system
The main effect was the unemployment