Depression of the 1930s

A detailed Summary of Depression of the 1930s


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 continued

throughout the 1930s, shaking the foundations of Western

capitalism and the society based upon it.

President Calvin COOLIDGE had said during the long prosperity

of the 1920s that "The business of America is business."

Despite the seeming business prosperity of the 1920s, however,



Some common words found in the essay are:
STOCK MARKET, Herbert HOOVER, Calvin COOLIDGE, , Smoot-Hawley Act, President Hoover, Finance Corporation, World War, 1929 1932, stock market, prosperity 1920s, Franklin ROOSEVELT,

Approximate Word count = 485
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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