1. Historical Summary of The Great Depression
The returns from the stock market seemed so assured that many companies started investing in stocks resulting in the price of the stocks going higher and higher. ... Across the country many people lost their savings, many companies failed, and faith was lost in the banks. ... When businesses began to fail the government created the Smoot-Hawley Tariff in 1930 to help protect American companies. ... The inventory of the companies that sold these items started to rise and accumulate. ... The depression would last over a decade and would only end with the conclusion of World War II. ...
- Word Count: 2613
- Approx Pages: 10
- Has Bibliography
- Grade Level: High School