1. Great Depression and US Capitalism
... ; if competition is present, economic activity will be self-regulating. Thus, although American Capitalism gave rise and support to America being the land of freedom and prosperity, the sharpest challenge came in the 1930s. The Great Depression was by far the most severe economic upheaval endured by American Capitalism. Thus, no event of the twentieth century had a more profound impact on American ... traditional values as saving, postponing pleasures and purchases, and buying only what they needed. "The key to economic prosperity," a General Motors executive declared in 1929, "is the or...
- Word Count: 1388
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate