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The Great Depression began in the United States of America and quickly spread worldwide. It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%.
- United States
Apr 26, 2024 · 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.
Oct 29, 2009 · Learn about the worst economic crisis in modern history, from the stock market crash of 1929 to the end of World War II. Find out how the Great Depression affected the U.S. economy, society and politics, and what policies were tried to end it.
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.
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. Despite occasional rallies, the slide persisted until 1932, when stock averages were barely a fourth of what they had been in 1929.
Nov 8, 2002 · Learn how the Federal Reserve's mistakes contributed to the longest and deepest economic downturn in US history. Explore the causes, consequences, and reforms of the Great Depression from 1929 to 1941.
Explore the history of the Great Depression, the worst economic crisis in the industrialized world from 1929 to 1939. Find articles, videos, stories and topics on the causes, effects and responses to the depression in the United States.
