1. Great Depression
... of unprecedented prosperity. It affected all areas of American life, especially American confidence. When the stock market crashed in the fall of 1929 the nation began to sink deeper and deeper into depression as business increased profits while holding down wages and increasing prices of raw materials. This depressed consumer purchasing power which in turn meant less profit ... serious structural weaknesses in the financial and banking systems. High American tariffs during the 1920's had reduced trade throughout the world and a reclining Europe and market all had serious affects on Ame...
- Word Count: 1019
- Approx Pages: 4
- Grade Level: High School