1. The Great Depression
... virtually depression-proof. (Himmelberg, 8) Unemployment rose steadily throughout 1930; consumer spending and production of goods and services fell relentlessly, even though gradually; the stock market continued its decline; farm prices collapsed; and many banks, squeezed by the inability of borrowers to repay loans, approached the brink of failure. (Himmelberg, 8) American exports, moreover, declined sharply as depressed ... Additional recovery measures followed through the spring months of 1933, the period of the "One Hundred Days," measures creating new governmental agencies intended t...
- Word Count: 5420
- Approx Pages: 22
- Has Bibliography
- Grade Level: Undergraduate