Overview of The Great Depression

With the wind up of World fight I, the United States entered a while of prosperity; it was the 1920s, and the economy was booming. Millions of pack enjoyed the financial upswing, taking salutary advantage of the new funds they now possessed. But as the Exiting the Roaring Twenties, the world was struck by the slap-up Depression. The Great Depression was the greatest dilapidation of the American economy in history. After one of the nigh prosperous decades, the United States was impel into an extreme economic slump. plenty struggled to adjust from life in the 1920s to life in the Great Depression as the two decades were polar opposites. on with the backlash, the stock market place interrupt and bank failures threw the country into a new era of hurt and poverty. The Great Depression created a snowball effect as it gained more power and caused wipeout as it went on. As it continued, it harmed American lives and the economy.\nThe hardest part of the Depression was unveilin g it. During the 1920s, the United States enjoyed prosperity and luxury. With the end of World War I, many a(prenominal) feared a republic in ruins and no job market. However, the deal opposite happened. Those returning from the war were able to get jobs plum quickly, and the economy was booming as a time deemed as The Roaring Twenties . agree to American History, The 1920s brought a feeling of freedom and independency to millions of Americans\n(http://www.manythings.org/voa/history/168.html). The United States was swimming in prosperity as a nation rising from a war on stable and strong feet. many an(prenominal) thought this prosperity would go on forever. No nation had more abundant earthy resources than the United States (Boardman 21).\nThe wage market was incredible, and annual salaries had increased significantly. However, this terminate with the Great Depression. Wages dropped significantly, the take to be of money decreased, and the demand for goods declined as well. Those who suffered mo..If you want to get a full essay, order it on our website:

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