You have been assigned to do a research paper about some person or event from the Roosevelt era.
Your teacher may have given you a topic, or he or she may have asked you to come up with one of your own choosing.
Cheaper loans encouraged manufactures to invest in new equipment and hire additional workers.
The resulting expansion of production caused an upswing of the cycle.
The Stock Market Crash of 1929 was in the majorities opinion, a long and overdue crash that was bound to happen.
Prices sky-rocketed so high that when they reached what was believed to be it’s all time high, most people sold their gaining stocks for a profit.
The US economy runs in cycles; in viewing the history of the US economy their are continuous cycles of recession and recovery which make up period of growth or periods of depression.
Depression in an economy occurs when “the recession is severe and prolonged”.
The Federal Reserve (The Fed) wanted to raise the discount rate to slow the boom, but was slow to do so because it meant raising interest rates for businesses and individuals who needed credit.
At that time, the Fed did not have the ability to set margin requirements which would have overcome this problem.