In 1929, the great depressions lead to failure and collapse of the Wall Street. The decline in the value of stocks in the stock market coupled with the failure of the financial institutions brought the American economy to its knees. The economy faced the worst level of unemployment where industries laid off massive number of workers to cut down on the total costs. The depression begun in the late 1920’s during Hebert Hoover’s reign as the United State’s president. This saw the election of Franklin D. Roosevelt as the president to succeed him and guide the ...
Essays on Madaras
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