1. The great Depression
... economic activity continued to decline. The Dow Jones finally decreased at the level of 41.22 in July 1932. [An American Banking Dynasty and the Rise of Modern Finance, by Ron Chernow]. The crisis began in Austria, whose financial position had been weak since the end of the war. In May 1931 it was announced that the Kreditanstalt, the Austrian bank ... ...
- Word Count: 2418
- Approx Pages: 10
- Has Bibliography