Great Depression

The Great Depression was an era that hit the America the hardest. It make simple life harder than ever before. There were some(prenominal) major causes of the Great Depression in the United States. There was not a large middle class, so most of the wealthiness was unequally distributed. While wages were rising for the majority of workers, they were not keeping stair with the increase in the cost of lively or the wealth in the hands of the industrialists and others in the stop number income classes. There was over speculation in the Stock Market, which was not regulated. Many Americans purchased stock on credit. This was known as allowance buying, and when the stock market crashed their property went with it, and started the beginning of the Great Depression. increase manufacturing and agricultural output, but wages that did not keep pace for the consumers to purchase all that was produced or grown. Hence, inventories increased and agricultural income remained low. people bought on credit, known in the 1920s as installment buying. Federal regulations on businesses also contributed to the cause. Especially favorable to the large corporations were the taxes laws which were written to encourage business expansion. Banks were permitted to speculate in arena and the stock market with little government regulations.

High tariffs and state of war debts helped spread the depression worldwide. Several programs were passed, known as, The New grant programs. They helped the lower and middle classes who were suffering from the Great Depression. Some of the programs knock down through when they first started, but there are several programs that are still active today, such as, the Tennessee Valley post and the Glass-Steagall Act. A lot of the programs were so controversial because they were seen as spare and a waste of the governments money. The people didnt have the money to spend to rebuild the economy, so the government had to do the expense for them. This caused uproar in the political system, and... If you want to get a full essay, order it on our website: Orderessay

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