1. Great Depression
... , a chief one being a depression in the agricultural area. Also depressed were such industries as coal mining, railroads, and textiles. Throughout the 1920s, U. S. banks had failed--an average of 600 per year--as had thousands of other business firms. By 1928, the construction boom was over (Garraty 12). The spectacular rise in prices on the stock market from 1924 to 1929 bore little ... boom in the stock market and in real estate, along with the expansion in credit (created, in part, by low-paid workers buying on credit) and high profits for a few industries, concealed basic problems. B...
- Word Count: 1092
- Approx Pages: 4
- Has Bibliography
- Grade Level: High School