Great depression which jolted the whole world economy occurred in the year of
Answers
It occurred in 1929...this trembled the base of the world economy
ANSWER:
The Great Depression was the severest economic slump in the history of the industrialised world, lasting from around 1929 to the year 1939.
EXPLANATION:
The Great Depression was an acute global economic slump which happened during the period between 1920s and 1930s, with the depression beginning in the US.
There was not one factor that led to this severe economic slump, rather a combination of global and domestic conditions such as the crash of the US Stock Market in 1929, failure of several banks all through the 1930s, severe drought situations in the Mississippi Valley in the year 1929 leading to increasing poverty and debts amongst people, and the Smoot-Hawley Tariff Act of 1930 that imposed high tariffs on numerous agricultural and goods inviting punitive measures which eventually declined output and caused international trade to shrink which added strain to the global economic situation of the depression.
The impacts of this depression were so huge globally, that it was one of the biggest direct reason for the rise of extremism in Germany ensuing in World War II.