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Using the second definition of depression, most economists refer to the Great Depression, as the period between 1929 and 1941. On the other hand, using the first definition, the depression that started in August 1929 lasted until March 1933.
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, leading to a period of economic depression.
Recession of 1937–1938. Afterward. Facts and figures. See also. References. Further reading. External links. Great Depression in the United States. Unemployed men outside a soup kitchen in Chicago, 1931. In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide.
Oct 29, 2009 · The Great Depression was the worst economic crisis in modern history, lasting from 1929 until the beginning of World War II in 1939. The causes of the Great Depression included slowing...
Apr 5, 2022 · The Great Depression of 1929 was a 10-year global economic crisis. Here are causes, impact, and chances of recurrence.
- Kimberly Amadeo
May 10, 2024 · The Great Depression was a devastating and prolonged economic recession that followed the crash of the U.S. stock market in 1929. It lasted through 1941, the same year the United States entered...
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The Great Depression (1929-39) was the longest lasting and deepest economic depression in the history of the modern industrial world. [3] It started after the U.S. stock market crash in 1929. [4] The prices on the Wall Street stock market fell from October 24 to October 29, 1929. It sent Wall Street into a panic.
