Research Assignment #1

Although my future plans are to go into dental hygiene, i also have interests mostly in science and political issues.

Like what exactly caused the great depression? And is the U.S going to fall back into another depression like we had in the 1930's. Last semester i was in an American history class and here are some things that i learned.

One of the most greatly talked about causes for the depression was the stock market crash if 1929. Stockbrokers lost about 40 billion dollars and america couldnt get out of the money issues. Also there were alot of bank failures althroughout the 1930's. 9,000 banks closed down because they were giving out too many loans to people who couldnt pay them back.

People were worrying about money so much that they stopped buying goods and that lowered the economy even more. People would stop buying as much food which destroyed the farmers, their farmed declined 60% and they lost 1/3 of their land.

http://history.sandiego.edu/gen/20th/1930s/depression-causes.html

Many people are saying that our economy now is making some of the same mistakes that the economy did in the 1930's. Banks are closing down and the stockmarket isnt doing as greatly as it used to. Historians are worried that we are going to get ourselves into another great depression, we need to learn from the mistakes of the great depression and not do the same thing.