Causes and Effects of The Great Depression in America

Few Americans in the first months of 1929 saw any reason to question the strength and stability of the nation's economy. Most agreed with their new president that the booming prosperity of the years just past would not only continue but increase, and that dramatic social progress would follow in its wake. 'We in America today,' Herbert Hoover had proclaimed in August 1928, 'are nearer to the final triumph over poverty than ever before in the …

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