1. The Great Depression
... become 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 conditions ... of Royal Oak, Michigan, the "Radio Priest," who advocated nationalization of banks and other radical reforms, and Dr. Francis Townsend of Californ...
- Word Count: 5420
- Approx Pages: 22
- Has Bibliography
- Grade Level: Undergraduate