POL SCI 143C Lecture Notes - Lecture 6: Federal Housing Administration, Horse Racing, List Of Divided Cities

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Use blank scratch sheet of paper provided to outline answer, don"t submit scratch paper. Make sure to answer each section of the question. Answer question based on readings/course materials (not interested in personal viewpoints) Following wwi (1914-1918), the us economy had experienced rapid economic growth and financial excess into the late 1920s. On black tuesday, october 29, 1929, the stock market crashed triggering the gd, referred to as the worst economic collapse in the history of the modern industrial world. Began in 1929 and lasted until the late 1930s-- some economists suggest 1940s. With banks failing and businesses closing, more than 15 million americans ( of workforce) became unemployed. Industrialized nations and those supplying primary products (food and raw materials) were all affected in one way or another. President hoover was blamed for the severity of the depression, underestimating the seriousness of the crisis.

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