Great Crash of 1929 The sparing depression that fell upon the blend States in the 1930s had devastating effects on the country. At the depth of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930s, shaking the foundations of Western capitalism. discourtesy the seeming telephone line prosperity of the 1920s, however, there were serious stinting weak spots, a chief one being a depression in agriculture. Also depressed were such industries as coal mining, railroads, and textiles. Throughout the 1920s, U.S.
banks had failed averaging of 600 a year along with thousands of other(a) business firms. By 1928 the construction boom was over. The U.S. stock-market crash that occurred in October 1929, with capacious losses, marked the beginning of, the most traumatic economic cessation of modern times. By 1930 the slump was apparent, but hardly a(prenominal) plurality expected it to persist; previous financial panics and dep...If you involve to purport a full essay, order it on our website:
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