The Great Depression was a enormous and destructive problem that faced citizens during the era of 1920's in America. The depression was caused by a number of problems. One of which was the country's lack of diversification. The American prosperity depended too much on industries, notably construction and automobiles, therefore causing a huge crash in the economy when these industries began to decline. Because of this, newer industries emerged, but had not yet developed strength to compensate for the declines in other sectors. This lack of diversification caused many citizens to become unemployed, causing a majority of Americans to look to the government for necessities such as food and clothes.
Tuesday, February 24, 2009
The Great Depression
The Great Depression was a enormous and destructive problem that faced citizens during the era of 1920's in America. The depression was caused by a number of problems. One of which was the country's lack of diversification. The American prosperity depended too much on industries, notably construction and automobiles, therefore causing a huge crash in the economy when these industries began to decline. Because of this, newer industries emerged, but had not yet developed strength to compensate for the declines in other sectors. This lack of diversification caused many citizens to become unemployed, causing a majority of Americans to look to the government for necessities such as food and clothes.
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