The Depression started in 1929 and ended around 1940. The first signs of trouble appeared in the American economy. Prices start to fall with not many people purchasing things. One place tried to stabilize the downfall but it only lasted a couple days. On that day the market lost about $10 million.
The Hawley-Smoot Tariff raised tariffs to their highest levels in United State history. Its proponents included president Hoover, believed that the high tariffs would help American industry and agriculture in a time of severe depression. In fact the opposite out come occurred. As the United States was a net explorer of both agricultural goods and industrial products, the ensuing worldwide tariff was simply lengthened the depression.
With the jobless rate on the rise, and increasing bank failures, Hoover was forced to take some action. In December 1931 he called on Congress to establish the Reconstruction Finance Corporation. The corporation was authorized to loan money to banks,......

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Title: The Great Depression
Approximate Word Count: 655
Approximate Pages: 3 (250 words per double-spaced page)

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