It happened because the market was oberbought
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A Red Scare is the promotion of a widespread fear of a potential rise of communism or anarchism by a society or state. The term is most often used to refer to two periods in the history of the United States which are referred to by this name. The First Red Scare, which occurred immediately after World War I, revolved around a perceived threat from the American labor movement, anarchist revolution, and political radicalism. The Second Red Scare, which occurred immediately after World War II, was preoccupied with the perception that national or foreign communists were infiltrating or subverting U.S. society and the federal government. The name refers to the red flags typically used by communists. WAS THIS WHAT YOU WERE LOOKING FOR???
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The strife of the 1930s ended up being overwhelmingly traditionalist in its effect on American culture. The Great Depression showed individuals of every single social class the estimation of monetary security and the need to persevere through and endure harsh occasions as opposed to going out on a limb with one's life or money.
Stock Market Crash of 1929 - Many accept mistakenly that the financial exchange crash that happened on Black Tuesday, October 29, 1929, is one and the equivalent with the Great Depression. Truth be told, it was one of the real makes that drove the Great Depression.
Long Term Impact. The accomplishment of the New Deal and military spending made a desire among the American individuals that the legislature would spare them from any serious money related or monetary emergencies. Amid the Great Depression, individuals depended on themselves and each other to pull through
Loyalists suffered regular harassment because the patriots were not a tolerant group. The patriots would seize property, harass and attack the loyalists
