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Depression Of The 1930s
Beginning of paper
The economic depression that beset the United States and other countries in
the 1930s was unique in its magnitude and its consequences. At the depth of
the depression, in 1933, one American worker in every four was out of a job.
In other countries unemployment ranged between 15 percent and 25 percent of
the labor force. The great industrial slump ....
Middle of paper
....certainly marked the beginning of, the most traumatic economic period of
modern times.
By 1930, the slump was apparent, but few people expected it to continue;
previous financial PANICS and depressions had reversed in a year or two.
The usual forces of economic expansion had vanished, however. Technology
had eliminated more industrial jobs than i.... |
| Word count: 1252 |
Page count: 5 |
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