Depression

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Title: Depression

Essay Details:

Subject: American History

Author: Robert M

Date: March 31, 2014

Level:

Grade: A

Length: 5 / 1264

Essay text:

All of the sudden warehouses were piling up with inventory. The prosperous industries that had been connected with the automobile and radio industries started falling apart. Without a car, people did not need fuel or tires; without a radio, people had less need for electricity. On the international scene, the rich had practically stopped lending money to foreign countries. To protect the nation's businesses the U.S. imposed higher trade barriers (Hawley-Smoot Tariff of 1930). Foreigners stopped buying American products. More jobs were lost. More stores closed. More banks went under. More factories closed...

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