depression in america

Essay specific features

 

Issue:

Social Issues

 

Written by:

Jennifer H

 

Date added:

September 11, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 1996

 

Was viewed:

7451 times

 

Rating of current essay:

 
Essay content:

The stock market crashed in the fall of 1929. On just one day, October 29, frantic traders sold off 16,400,000 shares of stock. At year's end, the government determined that investors in the market had lost some $40 billion. Previous to the 1929 collapse, business had begun to falter. Following the crash, the United States continued to decline steadily into the most profound depression of its history...
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Following the crash, the United States continued to decline steadily into the most profound depression of its history. Banks failed, millions of citizens suddenly had no savings. Factories locked their gates, shops were shuttered forever, and most remaining businesses struggled to survive. Local governments faced great difficulty with collecting taxes to keep services going...
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