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The Great Depression 5

The Great Depression was the worst economic downturn ever in U.S. History, and one
which extended to practically the entire industrialized world. The Depression began late in
1929 and lasted for about ten years. Many economists have their theories as to what
brought all of this about. It is generally accepted that the main cause for the Great
Depression was the combination of the greatly unequal distribution of wealth throughout
the 1920's, and the extensive stock market speculation that took place during the latter
part that same decade. The disparity in the distribution of wealth in the 1920's existed on
many levels. Money was distributed unequally between the rich and the middle-class,
between industry and agriculture within the United States, and between the U.S. and
Europe. This imbalance of wealth created an unstable economy. The excessive
speculation in the late 1920's kept the stock market artificially high, and eventually lead to......

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Approximate Word Count: 1137
Approximate Pages: 5 (250 words per double-spaced page)

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