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Essay heading: causes of the great depression
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American History |
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October 6, 2004 |
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2 / 472 |
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This worked well for a while because it allowed for an artificial demand. Even though this put off the day of reckoning, the downfall was worse.
The Great Depression was the worst economic slump ever in U.S. history, and one that spread to virtually the entire industrialized world. Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and penniless...
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Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and penniless. Many people came to depend on the government or charity to provide them with food. It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imported goods...
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