LYCOS RETRIEVER 
Economic Depressions: Great Depression
built 635 days ago
It was a combination of the economic dreams of older men and the energetic visions of younger men that put the building of the Blue Ridge Parkway into motion back in the Great Depression. Here, from one of the premier historians of the "ribbon of highway," is a perspective on the first 60 years.
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With much economic activity subsidized—the exception being one primary product, wool—Australia was particularly vulnerable to the Great Depression of the 1930s. It struck hard: unemployment exceeded one-fourth of the work force and imposed a degree of social misery rarely known in Australian history. The rate of recovery was uneven, manufactures doing better than primary industry....
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The salient fact in the economic history of recent times is the alternation of prosperity and depression, of good times and bad. A period of prosperity with expanding business, great activity in production and commerce, is brought suddenly to a close, generally by the failure of a prominent banking house, bringing with it the fall of other financial and mercantile concerns.
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Great Depression