History, asked by sureshchoudhary82, 1 year ago

Great Depression of 1929

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Answered by questionsqueen
3
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The Great Depression was the worsteconomic downturn in the history of the industrialized world, lasting from1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.

The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. ... It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction.

The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.

Great Depression. 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 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 nations; in most countries it started in 1929 and lasted until the late-1930s.

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Answered by SubashKN
3
Great depression started in 1929 in America.
Americas greatest craze was share market.It collapsed which was the major cause of the great depression. The european countries except the USSR got affected the most. This happened in the presidentship of Herbert Hoover. Then F.D. Roosevelt assumed office and created a set of laws which created a normal economic condition in America. Economic conditions were normal in 1937.


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