Great Depression in the United States
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Title: Great Depression in the United States

Essay Details:

Subject: American History
Author: Raymond T
Date: November 10, 2016
Level: University
Grade: B
Length: 1 / 241

Essay text:

The traditional explanation of a combination of high consumer and business debt, ill-regulated markets that permitted malfeasance by banks and investors, growing wealth inequality, and natural disasters such as the Dust Bowl and 1926 Miami Hurricane creating a downward economic spiral of reduced spending and production are also offered as alternative explanations. The initial government response to the crisis exacerbated the situation; protectionist policies like the Smoot-Hawley Tariff, rather than helping the economy, merely strangled global trade. Industries that suffered the most included agriculture, mining, and logging...

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