THE GREAT DEPRESSION ANDTHE CURRENT ECONOMIC SITUATION OF AMERICABanks went hand . Industrial output fly . Unemployment soared Consumer spending and investment dramatically cut downAre these scenes lifted from the past , during the Great imprint or do they reflect the current crisis of the US economy ? Or do they refer to bothThe Great falling off of the 1930 sMany economists characterized the Great Depression in 1929 to 1939 as a period of extraordinary eliminate in economic activity . sequence it was widely believed that slightly sections of the US economy started to recover by 1936 , high unemployment repute continued until World War IIPrior to the Great Depression , the US economy experienced an economic sweep through as exemplified by the rapid expansion of industrial output such(prenominal) as in the car manufacturi ng an extensive sales packaging finished credit and a stock(a) market that soared to record levels , among others .
until instantaneously in early 1929 and after a decade of bonanza , the economy and industrial output started to fallCauses of Great DepressionBlack Monday , Black Tuesday , railway line market crash -these words immediately come to sagaciousness with the mention of the Great Depression . Then one imagines the holy place terror in the stock exchange market as multitude started unloading their shares . By 1932 , the stock market fell 89 , a level unseen in the nineteenth centuryThe stock market crash created problems that extended to the financ! ial remains . While consumer spending decreased , the desire to withdraw coin from border savings increased . ThusIn the first 10...If you want to purpose a full essay, order it on our website: OrderCustomPaper.com
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