THE GREAT DEPRESSION

Deep discontent, which has been brought on by the worst economic depression in the history of the United States, swept Roosevelt onto presidency. During his campaign he pledged himself not only to lift the country of depression, but also to get up economic safeguards in an effort to prevent future depressions in the United States. The depression had steadily grown worse, between twelve and fifteen million industrial workers had lost their jobs. The sharp fall …

…the a serious recession. Factories shut down, lying off millions of workers. Businesses and banks failed by the thousands. Real gross domestic products (GDP) fell sharply over the next few years, pushing the nations into debts of the Great Depression. Wector Dixon p.47 In conclusion, the amount of money loaned by the governments couldn’t be paid back as a result everyone went bankrupt. Bibliography bragdon,henry.history of a free nation,mcgrawhill.new york:1998