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This 6 page research paper compares the stock market crash of 1929 and the Roaring Twenties to the housing boom and bust of the 2000s. Bibliography lists 4 sources.
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6 pages (~225 words per page)
File: KL9_kh19292000.doc
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listed below. Citation styles constantly change, and these examples may not contain the most recent updates. Comparing Economic Crises: 1929 and the 2000s
by , October, 2012 -properly! It has become axiomatic to compare the economic crisis that began in the 2000s to
the stock market of 1929, which led to the Great Depression of the 1930s. The Roaring Twenties and American society in the 1990s bear many similarities, as both eras were
times of tremendous property for the upper echelons of society. However, it is also true that prosperity was not evident for many people. In both of these decades, beneath the
prosperity the seeds of financial crisis were brewing, which were largely due to speculative "bubbles," which is a euphemism that is used to indicate a situation where the prices of
commodities, specifically stocks in the 1920s and housing in the 2000s, exceed their actual value. In both eras, it was the bursting of this bubble that initiated financial crisis. The
following examination of literature compares these two eras, taking note of the similarities between the two historical events, but also considering the differences that are also evident. The 1920s
was the first decade in which new manufactured consumer products, such as radio cars, and refrigerators, provided the main engine for economic growth. This was also the first decade in
which significant decrease in net investment occurred along side tremendous increases in non-farm labor productivity and increases in industrial production (Livingston, 2009). Despite the impression that the 1920s was an
era of unparalleled prosperity, 90 percent of the population had less disposable income in 1920 than they had in 1922, while corporations saw their profits increase by 62 percent.
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