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Great Depression

Panic, depression, and crisis are all words to describe and economic downward spiral. Throughout history many of these three words have come to describe a time of economic slumps, unemployment, and hardships for many people. However, never has a depression impacted the world as in 1930. America’s “Great Depression” was felt all over the world. In this essay you will see the causes that lead up to the depression, the impact it had on America, and how a leader helped give confidence back to a fearful nation to end the depression.
Many things lead up to the stock market crash, and eventually the depression. Credit, was probably the biggest factor. The extreme wealth of the twenties had Americans buying lots of amenities. Most of which you could buy with credit, paying just a portion upfront and making payments. Most households had several radios, cars, and other electric devices by the mid-twenties. By 1927, the demand on the products became decreasingly less, yet...

Posted by: Jessica Linton

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