The Great Depression
The Great Depression was the longest and worst period of high unemployment and low business activity. It began on October 1929 when thousands of stockholders lost large sums of money. Banks, factories, and stores closed, leaving millions of Americans without a job. The Great Depression affected almost every nation and caused some nations to change their leaders. This led to the rise of the German dictator Adolph Hitler and the Japanese invasion of China. Many causes contributed to the Great Depression. During the 1920’s, prices of farm products fell about 40 per cent. Some farmers lost so much money that they could not pay the mortgage for their farm. About nine thousand banks went out of business because farmers experienced such poor conditions. Industrial production increased about 50 per cent, but the wages of the workers in coal, railroad, and textile industries rose much slower. As a r
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Some common words found in the essay are:
Franklin Roosevelt, Hitler Japanese, Depression Thousands, , National Product, World War, President Hoover, Crash Depression, building building, thousands people, sums money,
Approximate Word count = 606
Approximate Pages = 2 (250 words per page double spaced)
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