he Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s.[1] It was the longest, most widespread, and deepest depression of the 20th century.[2]
In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline.[2] The depression originated in the U.S., after the fall in stock prices that began around September 4, 1929, and became worldwide news with the Stock Market crash of October 29, 1929 (known as Black Tuesday).
The Great Depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.[3]
Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%.[4][5][6] Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.[7]
Some economies started to recover by the mid-1930s. In many countries, the negative effects of the Great Depression lasted until the end of World War II.[
(source Wikipedia)
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
how did the great depression affected Belize
How about "And that was my story on the great depression."
Yes, the Great Depression was in the 1930's.
Great depression A-Z is a detailed analysis of some types of depression and their possible medication.
Where did the great depression.... WHAT???-The BOLD explainer ;)
WWI was a major cause of the Great Depression.
The Great Depression
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
No. There is no mention of the great depression in the Bible.
It happenes during the Great Depression.
how did the great depression affected Belize
How about "And that was my story on the great depression."
Yes, the Great Depression was in the 1930's.
The Great Depression
Great depression A-Z is a detailed analysis of some types of depression and their possible medication.
There has only been one Great Depression.