The ansawer is goinHome Economics Encyclopedias almanacs transcripts and maps Causes of the Great Depression<span>TOOLS </span>Causes of the Great DepressionGreat Depression and the New Deal Reference Library
COPYRIGHT 2003 The Gale Group, Inc.Causes of the Great DepressionThe period from 1920 to 1929 is known as the Roaring Twenties. Those years were exciting, fascinating, and entertaining for the U.S. population, whose sons had just fought and won World War I (1914–18), the war that had promised to end all wars. Everyone was enthralled with the new gasoline automobiles that Henry Ford (1863–1947) had made affordable. Women had gained the right to vote, and some had acquired new electric machines that made life easier, such as washing machines and vacuum cleaners. Every day more Americans brought a radio into their homes; the radio brought music and news that thrilled listeners. The new moving pictures captivated audiences in palace-like movie houses. Businesses and manufacturing industries continuously expanded. The prices of their stocks steadily increased through the 1920s, going on a wild ride upward between 1926 and October of 1929. Stock prices went far beyond realistic values and had little basis in the health of the companies. These skyrocketing stock prices signaled<span> </span>g to be
Mid 1990 the economy entered a period of recession. By definition, a recession is " a period of temporary economic decline during which trade and industrial activity are reduced" (online dictionary). During this time jobs became scarce, taxes were increased for corporations and those with high incomes. Additionally, certain programs were cut in order to save money, NAFTA was put into effect between the United States, Mexico, and Canada. Programs like welfare were reformed. The federal minimum wage was increased which ended up affected about 10 million Americans. The average income per household increased to about 37,000.
At the time Congress had no power to regulate domestic affairs, so they were there to add that to the Articles of Confederation.
