The stock market crash of October 1929 left the American public highly nervous and extremely susceptible to rumors of impending financial disaster. Consumer spending and investment began to decrease, which would in turn lead to a decline in production and employment. Another phenomenon that compounded the nation’s economic woes during the Great Depression was a wave of banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure.
A detailed account of Anti-Aircraft Weapons that includes includes images, quotations and the main facts of the weapons. Second World War. GCSE Modern World History. A-level. Last updated on 8th June, 2019