Overview of The Great Depression

With the kibosh of World contendfare I, the United States entered a snip of prosperity; it was the 1920s, and the economy was booming. Millions of deal enjoyed the financial upswing, taking plentiful advantage of the new currency they now possessed. But as the Exiting the Roaring Twenties, the world was stricken by the massive Depression. The Great Depression was the greatest surrender of the American economy in history. After one of the virtually prosperous decades, the United States was impel into an extreme economic slump. sight struggled to adjust from life in the 1920s to life in the Great Depression as the two decades were polar opposites. along with the backlash, the stock mart clangour and bank failures threw the country into a new era of pang and poverty. The Great Depression created a snowball effect as it gained more power and caused demolition as it went on. As it continued, it harmed American lives and the economy.\nThe hardest part of the Depression was e ntry it. During the 1920s, the United States enjoyed prosperity and luxury. With the end of World War I, legion(predicate) feared a commonwealth in ruins and no job market. However, the accept opposite happened. Those returning from the war were able to get jobs slightly quickly, and the economy was booming as a time deemed as The Roaring Twenties . match to American History, The 1920s brought a feeling of freedom and independence to millions of Americans\n(http://www.manythings.org/voa/history/168.html). The United States was travel in prosperity as a nation uphill from a war on stable and strong feet. many thought this prosperity would go on forever. No nation had more abundant inwrought resources than the United States (Boardman 21).\nThe wage market was incredible, and annual salaries had increased significantly. However, this terminate with the Great Depression. Wages dropped significantly, the take account of money decreased, and the demand for goods declined a s well. Those who suffered mo...