Question

what is meant by the economic depression of 1929 in usa? explain?

Answer 1

It means that the economy of USA is decreasing in 1929 due to the end of first world war

Answer 2

The Great Depression started in the United States after a major fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession.[