The Causes Of The Great Depression And The Great Depression

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The Great Depression was the worst economic downturn in the history, which lasted from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Spending began to drop, and it caused declines in employment and some companies began to lay off workers. By 1933, the Great Depression reached its lowest point and millions of Americans were unemployed. The 1920s consisted of dramatic social and political change. The Great Recession was the rapid decline in economic activity during the late 2000s, and it was the largest downturn since the Great Depression. The term “Great Recession” is related to the U.S. recession, and lasted from December 2007 to June 2009. It began when the U.S. housing market went downhill and lost significant value. The Great Depression and The Great Recession have similar causes because of the economic, political, and social issues.
In Foreword by Herbert Hoover, he discusses issues that were happening during the 1920s. He included some social, economic and political issues. He says that they needed to construct better homes to help the economy and the families that live in these houses. If they used that it would increase the effects of their economic life and could strengthen the forces that direct them to better life. He wanted to have durable houses and to better consider the buying of household articles to let families have more for the funds. He thinks that they should
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