GREAT DEPRESSION

The go forthstanding Depression          Even though the great economic crisis wasnt the only depression that the unify Stated had gone through, it was the worse. The prudence had grown larger than the political relation thought; though they make up a special agency of the task at hand. Which was c every in alled, Federal Reserve Board, it was to balk depressions and take burster of the avow brat. Federal Reserve Board was suppose to be the loaner of the last resort for banks, it was going to help the banks prevent collapse, which form the other depression.         In 1929 the government realized that it could non flummox its current policy, so they started to raise the interest rates. part that was world raised the stock market came crashing down, and set the banks in a panic. The banks had lent out all this money; business deal started to panic with the crashing of the stock market. citizenry flew to the banks to pull out all their money, as yet to find out that the banks had given out I.O.U pretty much. People were upset at the out suffer of the biggest depression that the linked States had to go through. People ended up losing there jobs, homes, and familys because of the Great Depression.

        We could have prevented this by learning from all the other depressions and not letting our selves is foolish with the money. One that banks should had make sure that the government was going to be able to prat the banks up. Two, with the banks just better-looking out (I.O.U) they should have thought of problems in the futures. Yet they were iggurant to believ! e that things would be 100% fine, when there were already other depressions that had happen. That shows that people should really know the history of the United States so... If you want to film a full essay, order it on our website: OrderCustomPaper.com

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