Great_Depression

Great Depression In U.S. history, the severe economic crisis supposedly precipitated by the U.S. stock-market crash of 1929. Although it shared the basic characteristics of other such crises. The Great Depression was unprecedented in its length and in the wholesale poverty and tragedy it inflicted on society. Economists have disagreed over its causes, but certain causative factors are generally accepted. The prosperity of the 1920s was unevenly distributed among the various parts of the American economy farmers and unskilled workers were notably excluded with the result that the nation's productive capacity was greater than its capacity to consume. In addition, the tariff and war-debt policies of the Republican administrations of the 1920s had cut down the foreign market for American goods. Finally, easy-money policies led to an inordinate expansion of credit and installment buying and fantastic speculation in the stock market. The American depression produced depression, american, policies, economic, severe, market, great, generally, effects, deal, capacity, 1929, 1920s, yet, world, workers, wholesale, war-debt, war, various, until, unskilled, unprecedented, united, unevenly, unemployment, unemployed, under, tragedy, third, tariff, supposedly, stock-market, stock, states