America 1930-1939: Business and the Economy Research Article from American Decades

This Study Guide consists of approximately 106 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of America 1930-1939.
Encyclopedia Article

America 1930-1939: Business and the Economy Research Article from American Decades

This Study Guide consists of approximately 106 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of America 1930-1939.
This section contains 206 words
(approx. 1 page at 300 words per page)
Buy the America 1930-1939: Business and the Economy Encyclopedia Article

On 24 and 29 October 1929 prices on the New York Stock Exchange collapsed. The losses among 880 issues were estimated at between $8 billion and $9 billion. The "Great Crash" of 1929 ended a period of tremendous prosperity and inaugurated the Great Depression, but the crash and the Depression were not unprecedented. Since the Civil War, the American economy had suffered periods of depression every eight to twelve years. The last major depression, from 1893 to 1897, had been a period of enormous suffering and widespread political unrest; the economy had been through a smaller depression as recently as 1920-1921. Such depressions had been devastating, but often their impact varied by region, with the worst effects being localized. In the 1930s, however, the United States was financially unified as never before. Harvests in California affected markets in New York. Newspapers, magazines, radio, and cinema linked the nation from coast to coast. The...

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This section contains 206 words
(approx. 1 page at 300 words per page)
Buy the America 1930-1939: Business and the Economy Encyclopedia Article
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