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Depression Of The 1930s
Part one of term paper
The economic depression that beset the United States and other countries in
the 1930s was unique in 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 s ...
Part two of term paper ... economic weak spots, a
chief one being a depression in the agricultural sector. also depressed
were such industries as coal mining, railroads, and textiles. Throughout
the 1920s, U. S. banks had failed--an average of 600 per year--as had
thousands of other business firms. By 1928 the construction boom was over.
The spectacular rise in prices on the STOCK MARKET from 1924 to 1929 bore
little relation to actual economic conditions. In fact, the boom in the
stock market and in real estate, along w ...
Word count: 1252 | Approximate pages: 5
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