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Depression Of The 1930s
Part 1 of Paper
.... its magnitude and its consequences. At the depth of
the depression, in 1933, one American worker in every four was out of a job.
In other countries unemployment ranged between 15 percent and 25 percent of
the labor force. The great industrial slump continued throughout the 1930s,
shaking the foundations of Western cap.... Part 2 of Paper
....es, concealed basic problems. Thus the U. S. stock market
crash that occurred in October 1929, with huge losses, was not the
fundamental cause of the Great Depression, although the crash sparked, and
certainly marked the beginning of, the most traumatic economic period of
modern times.
By 1930, the slump was apparent, but few people expected it to continue;
previous financial PANICS and depressions had reversed in a year or two.
The usual forces of economic expansion had vanished, however. Tec.... |
| Number of words: 1252 - Approximate pages: 5 |
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