Great Depression

The considerable mental picture The cracking slump (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market ram down of October 1929, which sent Wall Street into a panic and wiped forth millions of investors. Over the next several years, consumer spending and investment dropped, make steep declines in industrial come on spue and rising levels of unemployment as failing companies laid off workers. By 1933, when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the countrys banks had failed. Though the relief and reform measures put into place by President Franklin D. Roosevelt helped lessen the worst make of the Great Depression in the 1930s, the economy would not fully turn around until after 1939, when World War II kicked American industry into high gear. Historical Importance of the Great Depression: The Great Depression, an immense tragedy that placed millions of Americans out of work, was the beginning of government involvement in the economy and in society as a whole.

Dates: 1929 -- early 1940s Overview of the Great Depression: The Stock Market Crash After nearly a decade of optimism and prosperity, the United States was thrown into despair on Black Tues solar day, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression. As stock prices plummeted with no hope of recovery, panic struck. Masses and batch of people tried to sell their stock, but no integrity was buying. The stock market, which had appeared to be the surest way to become rich, quickly became the lane to bankruptcy. And yet, the Stock Market Crash was just the beginning. Since many banks had similarly invested large portions of their clients savings in the stock market, these banks were forced to stodgy when the stock market crashed. Seeing a few banks loaded caused another panic... If you want to get a full essay, club it on our website: Ordercustompaper.com

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