1. Great Depression
... "modern welfare state". Many of the problems that led to the Great Depression and the actions of FDR pre-dated the stock market crash that sank the US into economic crisis. In the long-term, a mixture of international and United States policy mistakes created an atmosphere of instability that exacerbated a pre-determined depression. One can say it all began with World War I, but even ... were overinvesting. They no longer saw assured profit and investment began to decline. First on Black Thursday, October 24 and then on Tragic Tuesday, October 29, 1929 the nation suffered its most influe...
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- Approx Pages: 7