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The Great Depression
Beginning of essay
There has only been one depression in the history of the United States of America. There were a few other instances throughout the nineteenth century, which lasted in periods of 20 years, known as recessions, none were anyway as severe as the one suffered in the 1930s which was known as a depressio ....
Middle of essay
..... 70,000 banks went under before the Great Crash in 1929, and 9,000 more went under from 1929 to 1932. Marriages were down 250,000 from 1929 in 1932.
Herbert Hoover attempted to address the crisis using Republican capttalism as answers, however, none worked.
In 1932, Franklin Delano Roosevelt won the presidential election. He understood that most of the American people were very optimistic. Many unemployed workers blamed themselves, and not the system. With this type of campaign, he easily won.... |
| Number of words: 786 |
Approximate pages: 3 |
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