The Great Depression
Date Submitted: 04/07/2002 00:00:56
Category: / Business & Economy / Economics
Length: 2 pages (502 words)
Category: / Business & Economy / Economics
Length: 2 pages (502 words)
My essay is about the great depression. It gives my opinion on why I think it was the most influential time in american history. It has information to back up my statement explaining how it affected America as a country and its individuals.
The Great Depression
I believe the great depression was the most influential event in the 20th century because not only did our country suffer from not having money, but it caused the …
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…dramatically. Andrew Mellon, Coolidge's Secretary of the Treasury, was the main force behind these and other tax cuts throughout the 1920's. In effect, he was able to lower federal taxes such that a man with a million-dollar annual income had his federal taxes reduced from $600,000 to $200,000. Even the Supreme Court played a role in expanding the gap between the socioeconomic classes. In the 1923 case Adkins v. Children's Hospital, the Supreme Court ruled minimum-wage legislation Unconstitutional.
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