American Studies
Our analysis of the Great Depression continues today with a look at the complex causes of the economic collapse. In class, we discussed how an uneven distribution of wealth, easy credit, mechanization and unbalanced trade combine with some other economic flaws set in place in the 1920's to cause massive deflation, bank failures, stock market collapse, and widespread unemployment.
Assignment: Read Ch. 12.2. (p. 378-381). Answer questions 4, 5 & 6 on page 381.
Bank run photograph above courtesy answers.com
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