1. The Depths Of The Depression
... banks went under, with deposits of nearly $1.7 billion. In 1930, 26,355 businesses failed, and the rate of 122 failures per 10, 000 was the highest ever recorded up to that time. Both numbers were surpassed in 1931 with 28,285 failures and a rate of 133. (Watkins 55) The South Sea Company of England experienced a stock-price plunge to 13.5 percent of it's highest price, resulting ... in the term "South Sea Bubble", used to describe failing business ventures. However, the South Sea Company pulled itself out of the hole and went on to do eighty years of business (Manchester 33). This was ...
- Word Count: 1242
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School