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The Cause Of The Great Depression Beginning of Paper The enormous amount of unsecured consumer debt created by this speculation left the stock market essentially off-balance. Many investors, caught up in the race to make a killing, invested their life savings, mortgaged their homes, and cashed in safer investments such as treasury bon .... Middle of Paper .... the realization of what had happened began to sink in, and a full-blown panic ensued. Thousands of investors -- many of them ordinary working people, not serious "players" -- were financially ruined. By the end of the year, stock values had dropped by fifteen billion dollars. .... 209 words | 1 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95