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The devastation it had not only on our country but on the other countries around the world. The bottom fell out of the stock market; people that were financially solvent one day - literally the next day were penniless. People lost their homes, farms, businesses. People were put out onto the street.
Wiki User
∙ 11y ago
Wiki User
∙ 16y ago"Depression" in economics is a technical term that describes a downswing in the business cycle. A depressed economy is characterized by severe decline in business activity, high unemployment and excess supply. Generally, the public is uncertain about the repercussions of the market and displays signs of fear or panic.
See: http://www.answers.com/topic/depression
Wiki User
∙ 13y agoNo body really knows why they named it the Great Depression.
Wiki User
∙ 14y agoThe "Great Depression" got its name from President Hoover who said that it was not a time to panic but it was a depression.
Wiki User
∙ 13y agoPeople focused on using the term "falling on hard times," and tried to help out by feeding each other at the back door whenever possible.
Wiki User
∙ 14y agoThe crash of the economy
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How are Isolationism and the Great Depression related?
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
How did the Great Depression affect Belize?
how did the great depression affected Belize
How should you end your Great Depression story?
How about "And that was my story on the great depression."
Was the Great Depression after slavery?
Yes, the Great Depression was in the 1930's.
Great Depression a-z?
Great depression A-Z is a detailed analysis of some types of depression and their possible medication.
Where did the Great Depression?
Where did the great depression.... WHAT???-The BOLD explainer ;)
What came first Great Depression or world war you?
WWI was a major cause of the Great Depression.
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
How are Isolationism and the Great Depression related?
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
Does the Bible talk about the great depression?
No. There is no mention of the great depression in the Bible.
How does hooverville relate to the Great Depression?
It happenes during the Great Depression.
How did the Great Depression affect Belize?
how did the great depression affected Belize
How should you end your Great Depression story?
How about "And that was my story on the great depression."
Was the Great Depression after slavery?
Yes, the Great Depression was in the 1930's.
What were the environmental conditions from the dust bowl?
The Great Depression
Great Depression a-z?
Great depression A-Z is a detailed analysis of some types of depression and their possible medication.
Is there going to be great depression 3?
There has only been one Great Depression.
