Following the economic boom of the 1920s, the United States entered a period of prolonged economic depression. Known as the Great Depression, many citizens of the United States were greatly affected by it. During the Hoover and Roosevelt Administrations, several economic initiatives were developed to limit the effects of the Great Depression and allow the American economy to prosper once again.
There are many things that are believed to contribute to the Great Depression. One major contribution in the stock market crash of 1929. Over 16 million shares were sold that day. In The following 2 months stockholders had lost more than 40 million dollars. Another major contribution was bank failure, over 9000 banks failed during the 1930s. Bank deposits
There are many things that are believed to contribute to the Great Depression. One major contribution in the stock market crash of 1929. Over 16 million shares were sold that day. In The following 2 months stockholders had lost more than 40 million dollars. Another major contribution was bank failure, over 9000 banks failed during the 1930s. Bank deposits