The Great Depression
By: Raymond Torres
The 1920's was a period of general prosperity for many Americans but the decade ended with the most serious depression in United States history. When Herbert Hoover (31st president) took oath into office in March 1929, trade was booming, industry was flourishing. Unemployment was low, wages were up, prices were steady and corporations were making big profits and paying fat dividends. Before the end of Hoover's
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Great Depression is known to be the worst economic disaster in United States History. For this reason, the Depression caused many people to change their ideas about the government and economy. As a great man once said "Those who can not remember the past, are condemned to repeat it." Let's pray that the United States people and government never have to go through what the people of the 1920's - 1930's had to go through.