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Great Depression 6
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The great depression from 1929 and into the 1930's, is the period in modern times with the largest unemployment, and the highest frequencies of bankruptcies. But can one from this say that "the Great Depression" was a breakdown of capitalism? Or was it simply an economic low-point that had to follow the prosperous 20's?
In the 1920's everything se ....
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.... was not the cause of the depression, but a symptom of a problem whose real causes lay much deeper. Some of them even so fare away from Wall Street, as the farmers of eastern Europe, After share prices plunged on Wall Street in 1929 the US banks began to call in their foreign loans. They had also loaned money to many people who as a result of the C.... |
| Word count: 781 |
Page count: 3 |
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