HIST-405N Week 6 Discussion 1: The Great Depression

HIST-405N Week 6 Discussion 1: The Great DepressionWhat were the underlying causes of the depression? Why did the Great Depression of the 1930s seem so much worse than any occurring either before or since? Can you see any modern parallels to the Great Depression? Elaborate. Professor and class, The start of the problems originated in the 1920’s. With the decline in demand and overproduction of textiles and mining, this trend continued into the 1930’s. (Keene, Cornell, & Edward, 2013, p. 656) The downfall continued even with the automotive, construction and appliance industries and were having a difficult time even breaking even, let alone make a profit. With corporate profit rising 62 percent, the workers pay only rose eight percent in the same time. With foreign-made good still expensive due to high tariffs to protect American companies from the competition, the foreign countries took the same approach against imports from the United States. This slowed production but delayed the prices from lowering until layoffs were the only option because companies were not making profits