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Great Depression
This paper is an effort to explain how the great depression affected the American
culture, to include what the problems were in the economy and what led to the biggest
economic downfall in United States history. Also, this paper will describe what the
American people went through and how the government reacted to the devastation
decade that changed so many Americans lives, and restructured the way that we live now.
The “roaring twenties” was an era when the American people prospered
tremendously. During this period, the nation’s total income rose form 74.3 billion in
1923, to 89 billion in 1929. The reason for this enormous growth was because of the 2
major industries that evolved after WWI; such as automotive and the radio industry.
Due to the demands of the war, automobiles, radio and their parts were being built in
large quantities causing the workforce to increase. From 1925-1929, the average worker
output per worker in these industries increased 32% in manufacturing, and the wages
for manufacturing increased at one fourth as fast as the productivity increased. President
Coolidge also helped the American people, he reduced federal income taxes and
inheritance taxes
Approximate Word count = 912
Approximate Pages = 4 (250 words per page double spaced)
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