According to Himmelberg emphasized the financial difficulties during the 1929 Great Depression was an accident waiting t erupt on the faces of the unsuspecting American citizens. The focus of complexity and we would be to personally ask “ why was there a Great Depression, and what should have been done to overcome it? To this day no one has formulated answers to these questions that command general consent. To its contemporaries, the Great Depression was a catastrophic and frightening enigma, an unprecedented and unfathomable financial devastation. The economic depressions, long months of increasing joblessness, a decline in the prices of goods and service (to the detriment of the suppliers or sellers); failing banks, and much increased human insecurity and misery did not under stranger situations of the strangers to American national life.
They had, on the contrary, played an important role in shaping political and social life since the earliest days of the Republic and became all the more influential after the Civil War as the swiftness of business wheel started to quicken its pace, and the huge volume of salaried workers were dependent on large corporations for a livelihood.
Most of the years of the late nineteenth century experienced an economic downturn, the depression of the 1890s being the most severe. Indeed, the Panic of 1893, as the 1890s depression was known, was so severe that went the same unfavorable fate during the merciless onslaught of the Great Depression. The Great Depression has literally changed the lives of the people during the Great Depression period, the Progressive era, of fundamental change in the relationship between government and economic and social life. Jo Ann Argersinger (113) reiterated the Great Depression went a different road from prior economic depressions because it travelled a steeper climb.
The climb reached a global stage. The ravages of the economic catastrophe (includes rising unemployment rates) had rippled by the unexpected economic turn down had taken a huge financial toll from the years of 1929 to1933.
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