The Great Depression

The Great Depression The 1920s was a period of general prosperity for many Americans but the decade ended with the most intense depression in United States history. When Herbert Hoover (31st president) took oath into station in March 1929, trade was booming, industry was flourishing. Unemployment was low, wages were up, prices were fast and corporations were making big profits and paying fat dividends. onward the end of Hoovers first year in office, the stock marketplace had collapsed. The nation was beginning to slide into the worst depression in history.

By the time Hoover left offic e in 1933, many citizens had lost faith in their business leaders. robustious had begun to question the American economic system and even demesne itself. The Roaring Twenties was an era dominated by republican presidents: Warren Harding (1920-1923), Calvin Coolidge (1923-1929) and Herbert Hoover (1929-1933). Under their conservative economic school of thought of laissez-faire (leave it alone), mar...If you want to get a full essay, order it on our website: BestEssayCheap.com

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