great depression

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Title: great depression

Essay Details:

Subject: American History

Author: Emily H

Date: January 24, 2012

Level: University

Grade: A

Length: 4 / 1059

Essay text:

This lead to banks foreclosing farm mortgages and by the early 1930s thousands upon thousands of American farmers were out of business. The U.S. economy was superficial and shallow. Major businesses increased profits through most of the decade while wages remained low and workers were unable to buy the goods they had helped to produce. The financial and banking systems were very unregulated and a number of banks had failed during the 1920s. The construction and automotive industries, whose booming business had been made possible by the prosperity earlier in the decade, slowed. Declining sales resulted in higher rates of unemployment...

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