Page 5 - IP3A 007 The Great Depression of 1929 to 1939 강경민

The Roaring Twenties followed the end

of World War I.

It was a celebratory time marked by

increased spending.

Business was booming and Wall Street

had taken off.

Credit, a form of borrowing, was never

stronger; Wall Street’s rise, and

subsequent fall, resulted from this

mentality of borrowing.

People were buying business stocks

using money that they didn’t

immediately have, but that had been

loaned to them.