The great depression started in 1929 to 1939 in the United states. It all started when one of the major markets failed and made people who invested in it lose a lot of money and many suffered financially. It had caused a lot of trauma since the first reason was because many people became homeless and couldn’t even afford food which was not even the worst part. The worst part was that some people even committed sueside because they felt too pressured to live due to all the financial problems. This is most likely and basically how the great depression had started.
The stock market is something which basically is a place where investors can either buy or sell ownership of a business or company and they could either make benefit of the ownership or lose all the investment money. This basically means that people have a chance of fifty in making a profit and can’t complain or do anything if all the money for investing fails. This is also one of the main reasons why the great depression even started since as I had mentioned before the great depression started all because of one of the main markets failing because the people lost a great amount of money and began to suffer financially.
The investors suffered the most during that time since they went from being rich to almost becoming penniless. This means that the rich people suffered the most since it is always easy to go from poor to rich but it is extremely hard for anyone to go from rich to poor and not only physically but mostly mentally. This also influenced many people to sueside or get into a great amount of pain which can easily cause severe depression making peoples life harder than they can ever imagine.
Covid-19 had made a big influence on the global economy. Firstly, many people had died because of the vicious virus and even from depression by staying at home for too long. Secondly, many young citizens have faced the lack of knowledge due to inefficient online classes with much less supervision, even causing students to cheat in tests as the tests had to be done online. Last but not least, Many people had to lose their jobs due to fewer customers. This was a major problem as people were afraid to come out causing stores like causemetics centers to suffer financially.
The great depression started in 1929 to 1939 in the United states. It all started when one of the major markets failed and made people who invested in it lose a lot of money and many suffered financially.The stock market is something which basically is a place where investors can either buy or sell ownership of a business or company and they could either make benefit of the ownership or lose all the investment money.The investors suffered the most during that time since they went from being rich to almost becoming penniless.Covid-19 had made a big influence on the global economy.
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