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Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. At its peak, the U.S. unemployment rate topped 20 percent.
The Great Depression was the global economic crisis that started after the U.S. stock market crash in 1929. [2] The prices on the Wall Street stock market fell a lot from October 24 to October 29, 1929.
The Great Depression was a devastating and prolonged economic recession that followed the crash of the United States stock market in 1929. It lasted through 1941, the same year that the...
Definitions of the important terms you need to know about in order to understand The Great Depression (1920–1940), including Agricultural Adjustment Administration (AAA), “Bonus Army”, Civilian Conservation Corps (CCC), Crash of 1929, Dawes Plan, Eighteenth Amendment, Emergency Banking Relief Act, Emergency Quota Act, Fair Labor Standards ...
The Great Depression was a period of severe global economic downturn that occurred from 1929 to 1939. It was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and trade, and widespread bank and business failures around the world. [1]
After the stock market crash of 1929, the American economy spiraled into a depression that would plague the nation for a decade.