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Jan 18, 2024 · What Was the Great Depression? The term "Great Depression" refers to the greatest and longest economic recession in modern world history. The Great Depression ran between 1929 and...
Overview. The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5,000 banks had gone out of business.
Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and in some countries rose as high as 33%. [4] Cities around the world were hit hard, especially those dependent on heavy industry.
The Great Depression was the worst economic downturn in world history. Learn about the Dust Bowl, New Deal, causes of the Great Depression, a Great Depression timeline more.
Causes. Social & political impacts. Housewives' and Mothers' Activism in the Great Depression. Homelessness during the Great Depression. Contraception during the Great Depression. Global comparison of severity. Tight monetary policy. Political responses of the depression era. Recession of 1937–1938. Afterward. Facts and figures. See also.
The most devastating impact of the Great Depression was human suffering. In a short period of time, world output and standards of living dropped precipitously. As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s.
Nov 8, 2002 · Industrial production plummeted. Unemployment soared. Families suffered. Marriage rates fell. The contraction began in the United States and spread around the globe. The Depression was the longest and deepest downturn in the history of the United States and the modern industrial economy.
