... so much more moderate than it had been during the previous episode of depression. (Himmelberg, 8) There also had developed a deeply engrained belief, especially in business circles, that the modern economy, with its immense production and consumption of so great a variety and volume of consumer goods, had become virtually depression-proof. (Himmelberg, 8) Unemployment rose steadily throughout 1930; consumer spending and ... everywhere except among rigid conservatives such as the secretary of the treasury, Andrew Mellon, who advised the president to liquidate to let the depression run its...

• Word Count: 5420
• Approx Pages: 22
• Has Bibliography
• Grade Level: Undergraduate

... the country and added to the despair of the individuals directly affected by it. These are the main factors that are commonly attributed to causing the Great Depression. The depression would last over a decade and would only end with the conclusion of World War II. Even though there was mass economic and personal loss the government did make attempts to bring an end to ... money for direct aid to citizens, believing it would weaken public morale. In what was perceived as a lack of effective action Herbert Hoover would lose the election of 1932 to Franklin D. Roosevelt and his promise of...

• Word Count: 2613
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School