Overview of The Great Depression

With the curiosity of World fight I, the United States entered a sentence of prosperity; it was the 1920s, and the economy was booming. Millions of good deal enjoyed the financial upswing, taking bountiful advantage of the new coin they now possessed. But as the Exiting the Roaring Twenties, the world was afflicted by the salient Depression. The Great Depression was the greatest downslope of the American economy in history. After one of the just about prosperous decades, the United States was impel into an extreme economic slump. pot struggled to adjust from life in the 1920s to life in the Great Depression as the two decades were polar opposites. on with the backlash, the stock commercialise knock and bank failures threw the country into a new era of ache and poverty. The Great Depression created a snowball effect as it gained more power and caused devastation as it went on. As it continued, it harmed American lives and the economy.\nThe hardest part of the Depressi on was immersion it. During the 1920s, the United States enjoyed prosperity and luxury. With the end of World War I, many an(prenominal) feared a landed estate in ruins and no job market. However, the aim opposite happened. Those returning from the contend were able to get jobs more or less quickly, and the economy was booming as a time deemed as The Roaring Twenties . agree to American History, The 1920s brought a feeling of freedom and independency to millions of Americans\n(http://www.manythings.org/voa/history/168.html). The United States was swimming in prosperity as a nation emergent from a war on stable and strong feet. many a(prenominal) thought this prosperity would go on forever. No nation had more abundant lifelike 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 rank of money decreased, and t he demand for goods declined as well. Those who suffered mo...