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by TjoeBaxter is Hot Yo on January 31st, 2009
It was slowly happineing during the roaring 20's and then the stockmarket crashed in 1929:):) It was some of the most painful years for Americans:):)
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Comments
It was not just an "American phenomenon". The "Great Depression" was worldwide. It began with the economic collapse of European currency during and after WWI. Most of Europe was actually in a depression long before it hit the US, but it was all interlinked. The market speculations and investments in the US during the "roaring twenties" was just wishful thinking. It was all on paper. Then, in October of 1929, the Pied Piper came to collect, as he always will. But, the Piper does not take stocks, paper money, cheques, or IOU's. He only takes hard cash...and there was none. So, he took all the goodies away.
by Tom 47 is back in his bear COAT on January 31st, 2009
Thanks Tjoe and Tom.
by keithold is a prodigal bagger on January 31st, 2009
Thanks Tom:):)
by TjoeBaxter is Hot Yo on January 31st, 2009