it affected even people who didn't invest in the Stock Market. people losses jobs, farms, and homes
Like the 2009 depression, it spread worldwide.
rationed supplies
The Great Depression was precipitated by the stock market crash of 1929, which was driven by speculative investments and overleveraged trading. As stock prices plummeted, confidence eroded, leading to widespread bank failures due to runs on deposits, as many banks had invested heavily in the stock market and lacked sufficient reserves. This created a severe credit crunch and reduced consumer spending, further deepening the economic downturn. The combination of these factors resulted in massive unemployment and a prolonged economic crisis that characterized the Great Depression.
The phrase "Experiencing unemployment during the depression" is not an independent clause because it lacks a subject and a verb, making it incomplete. In contrast, "The Great Depression resulted in many improvements in our banking system" is a complete sentence with both a subject and a verb.
Of course, the depression which started in 1929 in the United States spread to nations all over the world, including Sweden. Sweden having recovered in 1934 was however the first nation to fully recover from the Great Depression.
Like the 2009 depression, it spread worldwide.
rationed supplies
The phrase "Experiencing unemployment during the depression" is not an independent clause because it lacks a subject and a verb, making it incomplete. In contrast, "The Great Depression resulted in many improvements in our banking system" is a complete sentence with both a subject and a verb.
no, it all resulted in the stock market crash
The Great depression
The Great Depression originated in the United States, starting with the stock market crash of October 29, 1929 but quickly spread to almost every country in the world. The Great Depression had devastating effects in virtually every country, rich and poor.
Of course, the depression which started in 1929 in the United States spread to nations all over the world, including Sweden. Sweden having recovered in 1934 was however the first nation to fully recover from the Great Depression.
the international spread of the great depression
The Wall Street Crash of 1929 triggered a global economic downturn due to the interconnectedness of international markets. As American banks and investors withdrew their funds from Europe, countries heavily reliant on U.S. loans and investments faced financial instability. This led to a decline in trade and increased unemployment across Europe, exacerbating economic hardship and contributing to the spread of the Great Depression. The resulting economic turmoil weakened governments and social structures, further deepening the crisis.
Hoover's general non-action during the Great Depression earned him the ire of the majority of the US population and resulted in his sound defeat in the election of 1932 to Franklin D. Roosevelt of the Democratic Party.
the international spread of the great depression
The international spread of the Great Depression