Economics in the Great Depression

The Great Depression in the United States The United States in the early part of the 19th century was plagued by an economic slump later called the Great Depression. The Depression begun in late 1929 and lasted for about a decade. There were many factors that lead to the depression but the main causes were, extensive stock speculation and an unequal distribution of wealth. The period between 1920 and 1930 is known as the roaring twenties. This was …

…resulted in a decrease in production and as a result many jobs were lost. Unemployment grew to five million in 1930 and to thirteen million in 1932. Things did not start to look up for the United States economy until the beginning of Word War II. Then because of the need for war supplies manufacturers started producing weapons and clothing and farmers were needed to supply food to the growing number of both American and Foreign troops.