Great Depression 6
Beginning of paper
The great depression from 1929 and into the 1930's, is the period in modern times with the largest unemployment, and the highest frequencies of bankruptcies. But can one from this say that "the Great Depression" was a breakdown of capitalism? Or was it simply an economic low-point that had to follo ....
Middle of paper
.... was dependent on foreign loans, and government expenditure was dangerously high, with businesses suffering from low profit margins. The world believed that the great expansion, as in the early 20's, would continue and with all the new inventions life would become pure joy and happiness. Sales, profits and wages went through the roof.
The acute phase of the Great Depression began in October 1929, on "the Black Friday", with the Wall Street Crash and continued through the early 1930s. The sto ....
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Word count: 781
Page count: 3 (approximately 250 words per page)
