1. Great Depression
... Great Depression The Great Depression was all the more shocking because it came after a decade 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 for businesses who than had no other choice but to cut jobs. When the stock market crashed it revealed serious struc...
- Word Count: 1019
- Approx Pages: 4
- Grade Level: High School