Question

Explain briefly about great depression

Answer 1

Answer:

The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. ... By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country's banks had failed.

Explanation:

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Answer 2

Answer:

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.