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Oct 23, 2024 · 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.
Oct 29, 2009 · 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.
Jul 10, 2024 · The Great Depression was a worldwide economic depression that lasted 10 years. It began in the United States on October 24, 1929, otherwise known as “Black Thursday," when panicked investors sold a record 13 million shares.
- Kimberly Amadeo
Jul 13, 2024 · The Great Depression was a devastating and prolonged economic depression that followed the crash of the U.S. stock market in 1929. It ended with the Second World War.
- Troy Segal
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Unemployed people lined up outside a soup kitchen opened in Chicago by Al Capone during the Great Depression. The Great Depression was a period of severe global economic downturn that occurred from 1929 to 1939. It was characterised by high unemployment rates and widespread business failures around the world. [1]
The worldwide economic downturn known as the Great Depression began in 1929 and lasted until about 1939. It caused steep declines in output, severe unemployment, and acute deflation and led to extreme human suffering and profound changes in economic policy.
After the stock market crash of 1929, the American economy spiraled into a depression that would plague the nation for a decade.
