論文代寫推薦：美國的股票價格
關鍵的論點是，整個經濟體的總支出水平下降，對收入大幅下降做出了關鍵貢獻，而失業率的上升則是前所未有的。因此，這導致了生產或支出的下降。在1929年以前，經濟衰退是有一定限度的，衰退是適度的。經濟在1924年和1927年經歷過類似的衰退。然而，與其他事件不同的是，1929年的衰退是持續的，而且已經嚴重惡化。 20世紀20年代出現了特定的繁榮，1924年和1927年出現了輕微的衰退，一個關鍵的過度領域就是成功市場。股票價格幾乎上漲了四倍，從1921年的最低點到1929年的最高點。隨著1929年的結束，美國的股票價格最終達到了不合理的水平，當合理地預測未來的收益。因此，1929年10月，當一系列小事件導致價格逐漸下跌時，投資者失去了信心，導致股市泡沫破裂。恐慌拋售發生在1929年10月24日，也被稱為黑色星期四。
論文代寫推薦：美國的股票價格
此外，購買一些股票是在邊際的基礎上進行的，貸款只用於確保股票價值的一小部分。因此，美國的股票價格最終下跌了33%。正如Romer(2003)所提到的，股票市場的崩潰導緻美國的總需求大幅下降。此外，自金融危機以來，消費者購買耐用品和企業投資的數量最終大幅下降。雖然股票市場的崩潰不能被認為是大蕭條發生的主要原因，但是它肯定可以被認為是影響大蕭條嚴重程度的關鍵因素。再往前看，1929年8月至1930年10月是銀行發生第一次恐慌之前的時期，在這期間發生了幾件事。這些事件包括股市崩盤、貨幣數量增加和清算貸款增加。然而，隨著恐慌席捲各銀行，情況進一步惡化，而1929年至1930年最初的低迷時期，銀行業的糟糕結構使這種情況更為突出。
論文代寫推薦：美國的股票價格
The key argument can be placed that lower level of aggregate expenditure across the economy make key contribution in the massively declining income, further unprecedented with higher levels of unemployment. In a consequent way, this resulted in declining production or spending. Until the year 1929, there had been a limitation of the economy downturn, with modesty of recession. The economy had been going through similar recessions in the year 1924 and in the year 1927. However, unlike the other events, in the year 1929, the recession was continuous and had been worsened violently. With specific prosperity during the 1920s, and minor recessions in the year 1924 and the year 1927, one crucial area in excess was the market of success. The prices of stock increased by fourfold almost, from the lowest point in the year 1921 and reaching the highest point in the year 1929. As 1929 came to an end, the stock prices of USA ended up reaching level that were not justifiable when reasonably anticipating earnings from the future. Due to this, when a number of minor events resulted in the gradual decline of price in October 1929, there was loss of confidence among the investors and this resulted in bursting the bubble of stock market. Panicked out sale took place on 24th October, 1929, also known as the Black Thursday.
論文代寫推薦：美國的股票價格
Also, the purchases of a number of stocks were taking place on marginal basis, and loans were used to secure only a small share of value of stocks. Due to this, stock prices of US ended up declining by 33 per cent. As mentioned by Romer (2003), the crash of stock market resulted in reducing the aggregate demand of America substantially. Also, the purchases of durable products by consumer and investments by business ended up falling sharply since the crash. Even though the crash of stock market cannot be deemed as the major causes for occurrence of Great Depression, however, it can surely be considered as the key factor that affected the severity of the Depression. Further ahead, the period before the first panic among banks was between August 1929 and October 1930, where there had been an occurrence of several events. These events included crash of stock market, increasing the quantity of money, and increased liquidation loans. However, the scenario worsened as panic struck across banks and this was more prominent due to the bad structure of banking for the initial downturn of 1929 to 1930.