[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-446581-105":59,"doc-detail-446581-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","are-us-and-the-world-heading-for-a-depression","Are U.S. and the World Heading for a Depression?","","October 19 marked the worst day in U.S. stock market history, with a steep drop in the value of U.S. stocks as more than 600 million shares changed hands and investors across institutions and universities lost money. The shock spread beyond Wall Street to markets in Latin America, Europe, and Asia, prompting some venues to halt trading to prevent panic selling. The text analyzes why such collapses can occur, referencing the 1929 Great Depression and ongoing policy and economic factors, including government insurance and borrowing concerns.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/are-us-and-the-world-heading-for-a-depression/446581/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/are-us-and-the-world-heading-for-a-depression/446581.png","ImageObject",300,407,{"name":92,"@type":93},"awa","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-15","2026-09-29",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What happened on October 19 in the U.S. stock market?","Question",{"text":112,"@type":113},"October 19 set a record as the worst day in U.S. stock market history, marked by a steep collapse in stock values and massive share trading.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How did the stock market collapse affect people and institutions?",{"text":117,"@type":113},"Universities, pension funds, many institutions, and millions of ordinary investors lost money as stock values fell by about $500 billion.",{"name":119,"@type":110,"acceptedAnswer":120},"Why do some people compare the drop to the Great Depression?",{"text":121,"@type":113},"The pattern resembles earlier events leading to the 1929 Great Depression, and memories of 1929 fueled fears that another depression might be at hand.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},446581,1790872922,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},3985747858093,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","Are U.S.and the WorldHeading for aDepression?  \nOctober 19 set a record as the worstday in the history of the U.S.stock mar-ket.The market's collapse was \"thenearest thing to a meltdown that I everwant to see,\"said chairman of the NewYork Stock Exchange,John J.Phelan.\"We were fortunate this occurred whenthe American economy is very strong,\"he added.  \nThe value of U.S.stocks—shares ofownership in businesses—dropped steeplyin widespread trading.More than 600million shares of stocks,almost twice asmany as ever before,changed hands.Thevalue of stocks went down $500 billion.Universities,pension funds,many insti-tutions,and millions of ordinary inves-tors lost money.  \nAnd the financial collapse went be-  \nyond Wall Street,the U.S.financialcen-  \n# urrent Events\n\nStock Market Plunge Shakes U.S.  \nter in New York.Stock markets in LatinAmerica,Europe,and Asia also saw aplunge in stock values.Some foreignstock markets actually closed down tem-porarily to stop panic selling of stocks.  \nSuch a pattern in 1929led to the GreatDepression that threw a quarter of U.S.workersout of work.More than ten yearshad to pass before the U.S.economy re-covered.Many people wonder whethersuch a disaster is once again at hand.  \n## The Point of Stocks\n\nBut why is there a stock market?Thestory of stocks doesn't begin on WallStreet.It can begin with one business andone person.Let's take the imaginary caseof Ben Hammond.  \nBen,an engineer,invents a device forcleaning windows automatically.Afterobtaining a patent,Ben starts a businessto produce his invention.  \nTime passes,and Ben can't producehis product fast enough to meet the de-mand for it.To expand to meet the de-mand,Ben decides to turn his privately  \n-eee wod  \nowned company into a publicly ownedcompany.In that way,Ben can obtainmore money,capital,for his business.He can do this by selling shares of hisbusiness,stock,to investors.  \nBen and his advisers decide Ben'sbusiness is worth $500,000.He needs anadditional $1million to meet the demandfor his product.  \nA total of 60,000 shares of stock areissued in Ben's business.O this,10,000shares are issued to Ben in return forcontributing machinery,customers,andknow-how to the corporation.The other  \n50,000 shares are sold to investors at $20a share.  \nIn the next few years,Ben's companydoes so well that it gains a listing on astock market,the New York Stock Ex-change.This means that people every-where can buy or sell the stock moreeasily.  \nWhen the company has a good year,some of the company's profits may bepassed on to the stockholders in the formof dividends.Good years also create de-  \nhad soared.During that period,the valueof stocks tripled.The October drop cor-rected too-high prices,say some experts.  \nGeorge Stigler,winner of the 1982 No-bel Prize in Economics.\"The most vio-lent and urgent of factors in the great crashwas the collapse of the banking system.”That can't happen now because the Gov-ernment insures deposits up to $100,000in 97 percent of U.S.banks.  \nContinued from Page One  \nOthers also blamed the nation's over-all economy.For example,for over tenyears the U.S.Government has beenspending billions of dollars more per yearthan it takes in.Investors fear that Gov-ernment borrowing will drive up the costof borrowing by businesses.  \nmand among investors for stock in Ben'scompany.This eagerness to buy sends theprice of the stock up.  \nIn bad years,some stockholders selltheir shares.The price of the stock falls.  \nPartly because of the Great Depres-sion,the U.S.Government has taken anumber of other steps to keep the na-tion's economy sound.“AIl[U.S.]Gov-ernments,liberal and conservative,haveassumed that responsibility,which wasn'tthe case in 1929,\"says economist JohnKenneth Galbraith,an authority on the1929 crash.  \nThe conflict with Iran in the PersianGulf(see page 3)made some investorsmore jittery.A conflict would be likelyto hurt business conditions in the U.S.  \nNow let's return to real life and therecent stock market drop.The best-known","cbCaijLgcsEoPRSm","https://ap.wps.com/l/cbCaijLgcsEoPRSm","pdf",3017180,11,"English","# Stock Market Plunge Shakes U.S.\n# The Point of Stocks\n## Why stocks exist\n## Measuring market ups and downs","[{\"question\":\"What happened on October 19 in the U.S. stock market?\",\"answer\":\"October 19 set a record as the worst day in U.S. stock market history, marked by a steep collapse in stock values and massive share trading.\"},{\"question\":\"How did the stock market collapse affect people and institutions?\",\"answer\":\"Universities, pension funds, many institutions, and millions of ordinary investors lost money as stock values fell by about $500 billion.\"},{\"question\":\"Why do some people compare the drop to the Great Depression?\",\"answer\":\"The pattern resembles earlier events leading to the 1929 Great Depression, and memories of 1929 fueled fears that another depression might be at hand.\"}]","Are U.S. and the World Heading for a Depression? 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