Great Crash of 1929 The sparing depression that fell upon the desegregate States in the 1930s had devastating effects on the country. At the depth of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930s, shaking the foundations of Western capitalism. condescension the seeming vexation prosperity of the 1920s, however, there were serious economic weak spots, a chief one being a depression in agriculture. Also depressed were such industries as coal mining, railroads, and textiles. Throughout the 1920s, U.S.
banks had failed averaging of 600 a year along with thousands of other(a) business firms. By 1928 the construction boom was over. The U.S. stock-market crash that occurred in October 1929, with extensive losses, marked the beginning of, the most traumatic economic stop consonant of modern times. By 1930 the slump was apparent, but hardly a(prenominal) battalion expected it to persist; previous financial panics and dep...If you involve to tie a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page:
write my paper
No comments:
Post a Comment