The Great Depression

| February 6, 2014

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Sample Paper
The great depression can be traced back from the year 1929; USA underwent harsh economic conditions occasioned by the slowdown of the economy and the stock market collapse. Historically, this is the most severe economic crisis to have been witnessed in America. Essentially, it was incomprehensible to most Americans how this could happen in a country that espoused values like freedom, equality and happiness. Many studies show that the depression was preceded by The 1929 Stock Market Crash, new economic policies, bank failures and also adverse weather conditions in this era. This paper focuses on the Great Depression roots in the period between 1929 and 1941. Severe economic contractions occurred across many market oriented countries but the impact of the depression was harsher in USA. In the 1930’s the unemployment rate rose considerably to the extent that many people lost there homes and farms while some faced starvation. There was a slight recovery of the economy in 1933, but this slowed down between 1933 and 1934. In 1937 the economy began signs of recovery but by the beginning of World War II USA had not fully recovered from the great depression effects. This economic depression was a ‘water shed moment’ in the history of USA…..ORDER NOW….
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