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Essay

The Great Depression

Essay specific features

 

Issue:

History

 

Written by:

David T

 

Date added:

March 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 778

 

Was viewed:

8951 times

 

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Essay content:

Besides ruining many thousands of individual investors, this precipitous decline in the value of assets greatly strained banks and other financial institutions, particularly those holding stocks in their portfolios. Many banks were consequently forced into insolvency; by 1933, 11,000 of the United States' 25,000 banks had failed...
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The failure of so many banks, combined with a general and nationwide loss of confidence in the economy, led to much-reduced levels of spending and demand and hence of production, thus aggravating the downward spiral. The result was drastically falling output and drastically rising unemployment; by 1932, U...
displayed 300 characters

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