A Deep Insight into American History - Essay Example

In the early 20th century and at the end of the 19th century, there was a great trend of increase in the slave army.

The continuously increasing slave rates forced America in bearing economic depression. As indicated in the book that there are many other historical, financial, and social reasons which put America in the economic depression. The stock market crash in the late 1920s dragged America into bearing the worst economic era failure. This crash needed to be recovered sooner because the severity of it could crash the stability of the overall financial sector. The relief funds were called for victims so that the severity of this horrible incident would have been minimized.

After years of planning, hard work, and mind game American financial system has been revived and now ruling half of the world holding the maximum precious assets in its hands from countries all over the world. Speaking of social differences between old America and the new one, reasons and circumstances are a lot in numbers. Americans were known as true racists previously and had much discrimination on several bases like gender, race, color, etc.