Search results
Results from the WOW.Com Content Network
The Great Depression, a worldwide economic collapse that began in 1929 and lasted roughly a decade, was a disaster that touched the lives of millions of Americans—from investors who saw their...
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. At its peak, the U.S. unemployment rate topped 20 percent.
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.
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.
The causes of the Great Depression in the early 20th century in the United States have been extensively discussed by economists and remain a matter of active debate. [1] They are part of the larger debate about economic crises and recessions.
The Great Depression was a devastating and prolonged economic depression that followed the crash of the U.S. stock market in 1929. It ended with the Second World War.
Explore how the Great Depression of the 1930s forced America to consider having a social safety net, leading President FDR to sign the Social Security Act into law via his New Deal programs.