Great Depression
The Great Depression is to this day is one of the longest economic downturns in American history. It was caused by the Stock Market crash of 1929 and lasted
all the way to the beginning of the U.S.'s involvement in WWII. The
inability of factory owners to pay their workers along with other financial
cutbacks led for the unemployment rate to raise drastically. Over half of the banks at the time had closed due to the fact that they had no money to give to the people. Also crop prices had fallen by over 50% during this time period.The problem with the Great Depression was that more was being produced than could be sold. The prices of the things that they sold were also too low to make any real profit. This led to a time of homelessness, poverty, and general despair for the American people.