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꧁ what is Great Depression ꧂

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Answer 1

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.

Answer 2

Answer:

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The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. ... It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression is commonly used as an example of how intensely the global economy can decline

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