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The Great Depression
Social Studies, Grade 8
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Study Guide The Great Depression Social Studies, Grade 8
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2
❯
THE
GREAT
DEPRESSION
In
the
last
years
of
the
decade
commonly
referred
to
as
the
Roaring
Twenties,
the
United
States
saw
a
great
gap
between
the
rich
and
the
poor
citizens
of
the
United
States.
Despite
this,
people
were
able
to
buy
many
new
things
as
a
result
of
increased
credit
and
the
ability
to
buy
stock
on
margin.
Businesses
and
corporations
were
booming
and
productivity
rose.
However,
increased
production
and
decreased
consumption
took
its
toll
and
eventually
the
American
people
saw
a
drastic
fall
in
the
stock
market.
The
stock
market
crash
virtually
ruined
the
American
economy
of
the
time
and
the
greater
part
of
the
next
decade
was
spent
trying
to
reverse
the
damage.
While
President
Hoover
attempted
to
correct
the
fallen
economy
and
the
rise
in
unemployment,
people
were
generally
unsatisfied
with
his
efforts.
When
Franklin
Delano
Roosevelt
was
elected
into
office,
his
efforts
in
restructuring
the
economy
were
broad
and
unprecedented,
named
the
New
Deal
programs.
While
some
argue
that
the
New
Deal
only
stopped
the
economy
from
getting
worse,
we
still
see
some
of
these
programs
in
place
today,
evidence
of
their
productivity.
© Copyright NewPath Learning. All Rights Reserved.
Permission
is
granted
for
the
purchaser
to
print
copies
for
non-commercial
educational
purposes
only.
Visit
us
at
www.NewPathLearning.com.
While
the
Great
Depression
lasted
a
long
time
and
had
a
terrible
impact
on
many
Americans
and
American
businesses,
many
changes
were
made
that
were
necessary
to
correct
the
national
economy.
Towards
the
end
of
this
time
period,
the
focus
of
the
United
States
had
moved
on
to
foreign
policy
and
conflict
in
Europe.
© Copyright NewPath Learning. All Rights Reserved.
Permission
is
granted
for
the
purchaser
to
print
copies
for
non-commercial
educational
purposes
only.
Visit
us
at
www.NewPathLearning.com.
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