Depression

Depression The coarse Depression was the worst economic turn down ever in U.S. history. It began in late 1929 and lasted about a decade. Throughout the 1920s, many factors played a role in bringing about the depression; the main causes were the unequal dispersal of wealth and extensive stock market speculation. Money was distributed unequally between the rich and the middle-class, between industry and agriculture deep down the United States, and between the U.S. and Europe. This disproportion of wealth created an unstable economy.

Before the Great Depression, the "roaring twenties" was an era during which the United States prospered tremendously. The nations total income rose from $74.3 billion in 1923 to $89 billion in 1929. However, the rewards of the "Coolidge prosperity" of the 1920s were not shared evenly among all Americans. In 1929, the blow over 0.1 percentage of Americans had a combined income equal to the bottom 42%. That same top 0.1 percentage of America...If you want to get a full essay, order it on our website: Ordercustompaper.com

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