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The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [ 1 ] The economic contagion began around September 1929 ...
The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, [1] was a major American stock market crash that occurred in late 1929. It began in September, when share prices on the New York Stock Exchange (NYSE) collapsed, and ended in mid-November. The pivotal role of the 1920s' high-flying bull market and the ...
The Great Depression in a monetary view. In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply.
The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations.
Fehrenbach, T. R. (2000). Lone Star: A History of Texas and the Texans. An enduring theme during and after the oil boom has been a reluctance among Texans to relinquish their identity and a stubbornness in maintaining their cultural heritage in the face of drastic changes to the state brought by the sudden wealth. Despite its growth and industrialization, Texas culture in the mid-20th century ...
City of Dallas. The history of Dallas, Texas, United States from 1874 to 1929 documents the city's rapid growth and emergence as a major center for transportation, trade and finance. Originally a small community built around agriculture, the convergence of several railroads made the city a strategic location for several expanding industries.
That's where America finds itself on the 80th anniversary of the Great Depression -- reacting to Great Depression, Great Recession: What 1929 can teach us about 2009 Skip to main content
Throughout the industrial world, cities were devastated during the Great Depression, beginning in 1929 and lasting through most of the 1930s.Worst hit were port cities (as world trade fell) and cities that depended on heavy industry, such as the steel and automotive industries.