The Great Depression Was A Worldwide Economic Disaster...

The Great Depression was a worldwide economic disaster that sparked the â€Å"Black Tuesday† stock market crash on October 29th, 1920. With the first waves of the crash along with the low point in the Depression, there was a short-lived spark in the economy, but was immediately followed by steeper falls in the stock market. According to â€Å"In Defense of Marxism, USA: Crisis and Class Struggle in the 1930s and Today† article, the author points out that â€Å"From the cyclical high of 381.17 points on September 3, 1929, the Dow Jones Industrial Average fell to 198.60 on November 13 that same year. It then recovered substantially, and by April 17, 1930 was up to 294.07. But this secondary closing peak was not to last – it has thus been aptly named a â€Å"dead cat bounce† by some economists†¦Ã¢â‚¬  Furthermore, did the crash cause the depression and what was the relationship between the economic collapse and the coming of World War II? Lastly, the â€Å"Black Tuesday† marked the end of the â€Å"Roaring 20s† and a beginning of what would be the one of the largest economic catastrophes in the United States history. Nobody could predict what would happen in the days and months to come. In the early stages of the Depression, general panic set in the housing/auto sector (1927-1928), fed raises the interest rates (Sept. 1929), the consumer spending dipped (Sept. 1929), â€Å"Black Thursday† occurred (Oct. 24th, 1929), along with the banking giant JP Morgan trying to rescue the economy and lastly the Black TuesdayShow MoreRelatedStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesSaddle River, New Jersey 07458, or you may fax your request to 201-236-3290. Many of the designations by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations have been printed in initial caps or all caps. Library of Congress Cataloging-in-Publication Data Robbins, Stephen P. Organizational behavior / Stephen P. Robbins, Timothy A. Judge. — 15th ed. p. cm. IncludesRead MoreDeveloping Management Skills404131 Words   |  1617 PagesPermissions Department, One Lake Street, Upper Saddle River, New Jersey 07458. Many of the designations by manufacturers and seller to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations have been printed in initial caps or all caps. Library of Congress Cataloging-in-Publication Data Whetten, David A. (David Allred) Developing management skills /David A. Whetten, Kim S. Cameron.—8th ed