The Great Depression The 1920s was a period of general prosperity for many Americans but the decade ended with the most enthusiastic depression in United States history. When Herbert Hoover (31st president) took oath into stead in March 1929, trade was booming, industry was flourishing. Unemployment was low, wages were up, prices were substantiality and corporations were making big profits and paying fat dividends. forrard the end of Hoovers first year in office, the stock grocery store had collapsed. The nation was beginning to slide into the worst depression in history.
By the time Hoover lef t office in 1933, many citizens had lost faith in their business leaders. pettish had begun to question the American economic system and even people itself. The Roaring Twenties was an era dominated by republican presidents: Warren Harding (1920-1923), Calvin Coolidge (1923-1929) and Herbert Hoover (1929-1933). Under their conservative economic philosophy of laissez-faire (leave it alone), mar...If you want to get a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment