1. The Great Depression
The Great Depression in the 1930's was the worst economic disasters to hit the United States and spread to virtually the entire industrialized world, making it very unique in its magnitude and consequences. The depression began in October of 1929, and lasted for about a decade. At the height of the depression, more workers were out of work than ever before. In fact, the average jobless rate was about 25 percent with some regions suffering from ... the depression that loomed on the horizon. Due to the misdistribution of wealth parts of the economy boomed with confidence and speculation in the ...
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