What is Great Depression?
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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.
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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.
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