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The Great Depression by David F.Burg

The Great Depression by David F.Burg

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The Great Depression by David F. Burg (Updated Ed.)

The stock market fell on October 29, 1929, sometimes known as “Black Tuesday,” ending a decade of prosperity abruptly and launching the United States into the Great Depression, probably the greatest economic disaster the nation has ever seen. Following this, unemployment reached an all-time high, hundreds of banks foreclosed, and a feeling of pessimism swept the country up until the U.S.’s entry into World War II in 1941. The United States didn’t get out of the Great Depression until after it got involved in the war. The Great Depression, Updated Edition offers hundreds of firsthand recollections of the time, such as memoirs, letters, speeches, and newspaper stories, that show how historical events seemed to individuals who lived through them through updated narratives and testimony. Hundreds of eyewitness accounts are presented, including those of Lionel Robbins, Huey Long, and Franklin D. Roosevelt, who is credited with coining the phrase “The Great Depression.” Each chapter also includes an introduction, a timeline of events, and first-person narratives. This updated edition includes pertinent documents, concise biographies of more than 200 major personalities, and much more. It also has 22 new images, a new appendix with 10 graphs, and a reworked introduction.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : The Great Depression by David F.Burg

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