Most American people started to feel attracted to the stock market, it was a very profitable way to make easy money. Most people wanted to inverse their savings in shares, it was a passion for them, no one was seeing the risks. Everyone lived it up, with high consumerism. You looked ridiculous if you didn't take advantage of the chances of stock markets. It was the gold fever. Many bought on credit and a lot of new companies were created. The politicians announced that the situation was completely sustainable.
The markets started to vary in September and in the last week in October, it collapsed, It was 24th of October when a lot of people panicked and sold all without to look prices, the president of stock was on holidays in Hawaii.
Some committed suicide but not as many as some said. One of them was seen for Winston Churchill who was visiting New York in that day by chance. Rockefeller lost the 80% of his fortune.
Closure of companies and banks, there are no more loans, a lot of people couldn't pay their mortgages.
USA retires the loans lent to Germany and transmits the crisis to Europe, specially in Germany. A lot of people had to be waiting in line to receive some of free food.
There isn't unemployment insurance and a lot of families were evicted of their homes.
Why do I have the sense to live the present?
The image OF THE USA in the 20's was OF the best social status possible in spite of Prohibition and the organized crime. The industrial growTH was spectacular, most people had a washing machine, fridge, phonograph and a car, besides, the movies WITH SOUND were invented in 1927. IT was called the crazy 20's, when the jazz music and Charleston WERE made popular. The banks started to lend MONEY(1) to THE worker class. The American workers could buy a car while the Europeans couldn't.
ReplyDeleteMost American people started to feel attracted to the stock market, it was a very profitable way to make easy money. Most people wanted to inveST their savings in shares, it was a passion for them, no one was seeing the risks. Everyone lived it up(2), with high consumerism. You looked ridiculous if you didn't take advantage of the chances of stock markets. It was the gold fever. Many bought on credit and a lot of new companies were created. The politicians announced that the situation was completely sustainable.
Some economistS started to warn about the risks but no one wantED to listen to them.
The markets started to vary in September and in the last week in October, it collapsed. It was 24th of October when a lot of people panicked and sold all without [] lookING AT prices, the president of THE stock EXCHANGE was on holidays in Hawaii.
Some committed suicide but not as many as some said. One of them was seen BY Winston Churchill who was visiting New York in that day by chance. Rockefeller lost [] 80% of his fortune.
Closure of companies and banks, there WEre no more loans, a lot of people couldn't pay their mortgages.
THE USA CALLED IN the loans MADE to Germany and transmitTED the crisis to Europe, specially in Germany. A lot of people had to be waiting in line to receive some [] free food.
There WAsn't unemployment insurance and a lot of families were evicted FROM their homes.
[](3)
(1) or: make/give loans
(2) good expression
(3) options:
Why does it feel like I'm describing the present day?
Why does it seem like we are living this now?
the president of THE stock EXCHANGE was on holidays in Hawaii.
ReplyDeleteIs "exchange" interchangeable by "however" or "on the other hand" or "on the contrary" or "instead" ?
No, sorry, I've confused you. The "stock exchange" is the specific location where stocks are traded. The New York Stock Exchange is the most famous.
ReplyDelete