North vs. South in the Great Depression
The Great Depression is one of the most misunderstood events in not only American history but also Great Britain, France, Germany, and many other industrialized nations. It also has had important consequences and was an extremely devastating event in America. It was the longest and most severe depression ever experienced by the industrialized Western world. When the New York Stock Exchange crashed in October 1929, the United States dropped sharply into a major depression. The world was in wide demand for agricultural goods during World War I, but they had rapidly decreased after the war and rural America experienced a severe depression throughout most of the 1920's and even on into the 1930's. One of the major losses for agriculture was due to banks foreclosing farm mortgages because the farmers could no longer pay their mortgages. By the early 1930's, thousands of American farmers were out of businesses. Major businesses, however, had......
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Approximate Word Count: 3060
Approximate Pages: 12 (260 words per double-spaced page) |