GREAT DEPRESSION

The outstanding Depression          Even though the great depression wasnt the only depression that the unify Stated had gone through, it was the worse. The parsimony had grown larger than the political relation thought; though they make up a special agency of the problem at hand. Which was called, Federal Reserve Board, it was to prevent depressions and take care of the avow brat. Federal Reserve Board was suppose to be the loaner of the last resort for banks, it was going to help the banks prevent collapse, which form the other depression.

        In 1929 the government realized that it could not flummox its current policy, so they started to raise the interest rates. While that was world raised the stock market came crashing down, and set the banks in a panic. The banks had lent out all this money; mountain started to panic with the crashing of the stock market. citizenry flew to the banks to pull out all their money, as yet to find out that the banks had given out I.O.U pretty much. People were upset at the out come of the biggest depression that the United States had to go through. People ended up losing there jobs, homes, and familys because of the Great Depression.

        We could have prevented this by learning from all the other depressions and not letting our selves is foolish with the money. One that banks should had made sure that the government was going to be able to back the banks up. Two, with the banks just better-looking out (I.O.U) they should have thought of problems in the futures. Yet they were iggurant to believe that things would be 100% fine, when there were already other depressions that had happen. That shows that people should really know the history of the United States so...

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