great depression

In the 1930's the entire world economy was in a slump. It was one of the worst depressions the world had known. America, a world leader, was suffering right along with everywhere else. The depression had devastating effects on the country. The stock market was in shambles. Banks everywhere went under. Businesses couldn't continue to operate. Farmers fell into bankruptcy. A quarter of the working force, or 13 million people, were unemployed in 1932, and this was …

…the government had simply let the economy alone, recovery would have been rapid. The economy barely survived persistent attacks by both Republican and Democrat administrations. The seeds were sown during the administrations of the 1920s. A policy of easy money made a bust inevitable. The policies of the Hoover and Roosevelt administrations served to intensify the depression rather than alleviate it. The Great Depression was the greatest fiscal fiasco in this nation's history. ------------------------------------------------------------------------ **Bibliography**