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The Great Depression
This report is about the economic hard time of the 1930's. The great depression is a time when the people of the United States and the government's spending was out of control. You'll learn that the great depression didn't just happen over night but accumulated over a period of time.
It's a common misconception that the stock market crash in October 1929 was called by the Great Depression. They are closely related but both are result of the modern economy. People were spending more money than they made. Banks played a role in the Great Depression because banks were willing to loan money to people who could not pay the loan back. Then the US is coming out of the roaring twenties and people were living good, plus the US is coming out of the WWI and time were good.
The whole country is focused on getting rich quick enjoying the new fad of life, invention and new ideas. The old way of doing things was being replaced by the......
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Approximate Word Count: 1169
Approximate Pages: 5 (260 words per double-spaced page) |