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The Great Depression (1929-1940) was a worldwide economic contraction which brought about economic hardship and in some nations, political instability. In the United States a general banking failure brought about increased government regulation of the financial sector along with the broadening of the social safety net through the introduction of Social Security. Unemployment, which reached 25%, was relieved partially by Public Works (The WPA). A general failure of the Agricultural sector which began well before the Great Depression was mitigated somewhat by Agricultural subsidies and by soil and land conservation projects (CCC). Other nations followed suit. The economic crisis caused the fall of the Weimer Republic in Germany with the rise of Adolf Hitler and National Socialism, and is seen as a major cause of the Second World War. The Great Depression also saw a rise on import duties throughout the world, which caused the Japanese Empire to militarily expand and which was also a reason for World War II. The failure of capitalism on the world stage also saw the growth of the influence of Communism throughout the world with the growth of Communist parties in Europe, North and South America and China, supported by the Soviet Union.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoIt had devastating effects in virtually every country but those dependent on heavy industries suffered the most . Personal income , tax revenue,profits and prices fell while international trade plunged to1/2 and 2/3.Unemployment was as high as33% in many nations across the world to the fall in output prices,areas of primary sectors like-mining,agriculture suffered the most.
Wiki User
∙ 9y agoThe longterm effects on families during the Great Depression was that people took a while to get back on their feet, and many families were homeless because of the job loss and some had family members who had committed suicide.
Wiki User
∙ 14y agoPrecedents have been set on how to solve depressions. Some New Deal programs still exist to stop another "Great Depression"
Wiki User
∙ 12y agoThe unemployment rate is still low, not as low, but still low. The economy still sucks, as is obvious.
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The majority of the Great Depression occurred during the?
1930s
To what extent is the Great Depression an accurate term to describe the 1930s?
unicorns.
During the Great Depression of the 1930s the national government?
During the Great Depression of the 1930s, the national government was in debt. They had to increase their spending for public services, such as food assistance because people were too poor.
What major economic event happened in the US during the 1930s?
The great depression.
The majority of the great depression occurred during which decade?
1930s<------------
What is the 1930s know as?
the great depression
What were the effects of the global depression in the 1930s?
starvation and political unrest
What is all about the 1930s in America?
it was about the great depression.
The era of the 1930s is known as what?
the great depression
The majority of the Great Depression occurred during the?
1930s
Was the economy stable in the 1930s?
No that was the Great Depression era.
Which style Which is a way that the economies of the US and France were linked before the Great Depression?
I know that the Great Depression was in the 1930s
What was the grim economic state of the 1930s named?
The great depression
'Of Mice and Men' is set in which decade?
'Of Mice and Men' is set during the Great Depression in the 1930s.
What year was Great (Great (Isambard Kingdom Brunel))?
The Great depression started somewhere in the 1930s
Was Taylor Swift around during the Great Depression?
The Great Depression happened in the 1930s and 1940s. Taylor Swift was born in 1989, so she was not around during the Great Depression.
How were People in California in the 1930s?
pretty bad because it was the great depression
