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The Great Depression
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There has only been one depression in the history of the United States of America. There were a few other instances throughout the nineteenth century, which lasted in periods of 20 years, known as recessions, none were anyway as severe as the one suffered in the 1930s which was known as a depression.
President Herbert Hoover used the term depressi ....
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....obiles were created at 20 percent of 1932's, and steal was at 12 percent of 1929. Farmer's income slid from $12 billion in 1929 to $5 billion in 1932., but the farmer's mortgages continued to escalate. 70,000 banks went under before the Great Crash in 1929, and 9,000 more went under from 1929 to 1932. Marriages were down 250,000 from 1929 in 1932.
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Page count: 3 |
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