Great Depression There Are Several Term Paper

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Many Americans became jobless and homeless, even setting up shantytowns.

3) the Hoover administration did little in response to the growing crisis. The administration remained committed to balancing the budget, and refused to run a deficit in order to stimulate the economy. He felt the use of volunteerism was the path to success. He did try a couple of things, with the Agricultural Marketing Act and the Emergency Relief and Construction Act. The Federal Reserve did not act to loosen the money supply.

4) I believe there could be another Great Depression. Many of the root causes have been seen at different points in the past several years.

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In the earlier part of this decade we saw the dot-com bubble, and we also saw a decline in confidence in the markets following scandals like Enron. The present oil crisis is raising prices and pressuring the economy to a degree that is similar to the effects of Smooth-Hawley. Should all of these factors come together at one time, during a period of poor fiscal management, we could see another Great Depression.

Faragher, John Mack et al. Out of Many: a History of the American People. 5th ed. Vol. 2: (Since 1865.….....

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