The Great Depression - The Conspiricy Or The Truth

The gravid Depression The Conspiracy or The Truth? By: Brittany Erin Frazier On October 24, 1929, a day now called Black Thursday, overhear a bun in the oven prices plummeted. In the following days, people who had invested in the stock market place panic-struck and tried to transfer their stocks. But everyone wishinged to sell and no one wanted to debauch. Thousands of investors lost huge amounts of property when the stocks they own became worthless. Banks affected by the stock market come down were inefficient to give their customers their coin. Businesses failed, and people’s savings were wiped out. By 1933, roughly 25 percent of the U.S. workforce was unemployed. Millions descended into poverty. Could all of this have been prevented? Is it manageable that it was all the result of a carefully intend technique to make the rich richer and the poor poorer? (Schultz) In 1913 voice Lindbergh warned that the national Reserve System “e stablishes the most gigantic entrust on earth. When the President signs this act, the invisible government by the financial ply go away be legitimized. The new law will ca-ca inflation whenever the trusts want inflation. From now on, depressions will be scientifically created.

” After the bankers finished profiting from the world war, they decided to shell an stinting depression in the U.S. so that they could further buy up the market, further expand government, and further control the American people. Creating booms, busts, recessions and depressions is in all scientific when you decide the amount of money printed and circulated. As Nobel-Prize taking economist, Mi lton Freidman said, “The Federal Reser! ve definitely caused the Great depression by contracting the amount of currency in circulation by leash from 1929 to 1933.” “To think that the Crash of 1929 was an accident or the result of folly defies all logic. The international bankers who promoted the inflationary policies and pushed the propaganda which...If you want to get a full essay, order it on our website: OrderEssay.net

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