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There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIt started in 1920 during World War I, when federal spending grew three times larger than tax collections, and approximately 600 banks failed in the same year.
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Where did the Great Depression started in America?
=The great depression started in Colonial America and began in 1930-1940.=
What problems foreshadow the Great Depression?
Well, it started with the great economic downfall of the U.S.A. Then it spread to other areas covering the whole U.S in an econamic downfall
Where is the setting of the Great Depression?
Mainly the United States of Americabut The Great Depression was a world-wide economic crisis.
When did the great depression set in?
It was started in 1929.
In which year was the peak of the great depression?
It was in the 1930 during which there was a severe world wide economic depression.
How did government economic policies during the 1920 lead to the great depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
How did government economic policies during the 1920s lead to the Great Depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
What year was the great depresion in?
The Great Depression started was started in the economic downfall in the 1930's. But the Great Depression really started when the stock market crashed October 29, 1929.
Why did Great Depression lasted ten years?
The government tried to relieve the Great Depression with economic recovery programs, but it did not end until WWII started and manufacturing increased.
What is an example economic depression?
The Great Depression
What is the worst period of economic hardship in US history?
Great Depression
Where did the Great Depression started in America?
=The great depression started in Colonial America and began in 1930-1940.=
What problems foreshadow the Great Depression?
Well, it started with the great economic downfall of the U.S.A. Then it spread to other areas covering the whole U.S in an econamic downfall
What economic disaster happened in the 1920's?
The stock market crashed in 1929 which was a cause of the Great Depression.
In the 1930's the US went into a severe economic state known as the?
The Great Depression
Who started the Great Depression?
the people in general. general loss of confidence in the economic future caused the wall street crash of October 1929
