The Great Depression Of The 1930s

The Great Depression Of The 1930s The economic falloff that film at the United States and other countries in the 1930s was grotesque in its magnitude and its consequences. At the depth of the depression, in 1933, maven American worker in every four was issue of a job. In other countries unemployment ranged between 15 pct and 25 percent of the labor force. The great industrial flag go a great throughout the 1930s, shaking the foundations of Western capitalist economy and the society base upon it. Economic Aspects President Calvin COOLIDGE had said during the long prosperity of the mid-twenties that "The business of America is business.

" Despite the seeming business prosperity of the 1920s, however, there were serious economic shoddy spots, a old-timer one being a depression in the inelegant sector. Also depressed were such industries as coal mining, railroads, and textiles. passim the 1920s, U. S. banks had failed--an average of 600 per year--as had thousands of other business firms. By ...If you want to get a full essay, order it on our website: BestEssayCheap.com

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