Great Depression

THE GREAT DEPRESSION ANDTHE CURRENT ECONOMIC SITUATION OF AMERICABanks went relegate . Industrial output fell . Unemployment soared Consumer spending and investment dramatically cut downAre these scenes lifted from the past , during the Great imprint or do they reflect the current crisis of the US economy ? Or do they refer to bothThe Great Depression of the 1930 sMany economists characterized the Great Depression in 1929 to 1939 as a period of extraordinary spurn in economic activity . sequence it was widely believed that around sections of the US economy started to recover by 1936 , high unemployment prise continued until World War IIPrior to the Great Depression , the US economy experienced an economic sweep through as exemplified by the rapid expansion of industrial output such as in the car manufacturing an extensive sales promotion finished credit and a stock(a) market that soared to record levels , among others .

until now in early 1929 and after a decade of boom , the economy and industrial output started to fallCauses of Great DepressionBlack Monday , Black Tuesday , job market crash -these words immediately come to perspicacity with the mention of the Great Depression . Then one imagines the holy terror in the stock exchange market as multitude started unloading their shares . By 1932 , the stock market fell 89 , a level unseen in the 19th centuryThe stock market crash created problems that extended to the financial system . While consumer spending decreased , the desire to withdraw money from border savings increased . ThusIn the first 10...If you want to get a full essay, order it on our website: Orderessay

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