Alan Brinkley, The Unfinished Nation : Study Guide Chapter 25: The Great Depression 1. The most visible early sign of the economic crisis at the end of the 1920s was October 1929. 2. What was so remarkable about the Great Depression was not that it occurred, but that it was so severe and that it lasted so long. 3. The five causes of the Great Depression were: a lack of diversification in the American economy in the 1920s; the maldistribution of purchasing power and, as a result, a weakness in consumer demand; the credit structure of the economy; and the debt structure. 4. The unemployment rate during the Great Depression was 25% by 1932, but averaged 20 the rest of the decade. It never dropped below 15%. Another one-third of the population was “underemployed.” 5. The highest protective tariff in American history was Hawley-Smoot Tariff. 6. The Soviet Union and China suffered relatively little from the Great Depression. Germany was “among the countries hardest hit.” 7.
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