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The Great Depression, which began in the United States in 1929 and spread worldwide, was the longest and most severe economic downturn in modern history. It was marked by steep declines in industrial production and in prices (deflation), mass , banking panics, and sharp increases in rates of poverty and homelessness.
The Great Depression, which began in the United States in 1929 and spread worldwide, was the longest and most severe economic downturn in modern history. It was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness.
The Great Depression began in the United States in 1929 and spread worldwide. It was the longest and most severe economic downturn in modern history, lasting until about 1939.
Timeline of important events pertaining to the Great Depression, when much of the world faced harsh economic conditions. Many people were out of work, hungry, or homeless. The Great Depression started in the United States, but it quickly spread throughout the world.
Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world. Its social and cultural effects were no less staggering.
United States - Great Depression, Economic Crisis, 1930s: In October 1929, only months after Hoover took office, the stock market crashed, the average value of 50 leading stocks falling by almost half in two months.
How did the Great Depression affect the American economy? How did the United States and other countries recover from the Great Depression? When did the Great Depression end?
How did the Great Depression affect the American economy? How did the United States and other countries recover from the Great Depression? When did the Great Depression end?
In the United States, where the effects of the depression were generally worst, between 1929 and 1933 industrial production fell nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.
stock market crash of 1929, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world.