Economy, asked by mhunkhim, 9 months ago

Describe the Great Depression of 1929​

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Answered by abiraj718
1

Answer:

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. Wikipedia

Time period: August 1929 – March 1933

Duration (months): 43

Global GDP decline: -26.7%

Peak global unemploy­ment: 24.9% (1933)

Next instance: Recession of 1937–1938

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