1. Great Depression
... business entrepreneurs took advantage of the good times as they began popping up all over the United States. Americans were moving into a period of economic prosperity. Even industrial workers, whose strikes for higher pay had availed them little in previous decades, benefited. From 1922-1929, the national income was up ... from 1925 to 1929. The high profits seemed to confirm President Hoover's pledge of a new era of abundance. The nations illusion of unending prosperity was shattered on October 24, 1929. Worried investors who bought stock on credit began to sell. This led to the develo...
- Word Count: 2446
- Approx Pages: 10
- Grade Level: High School