Question

what
was the
Great
dipression ? how was the world effected by it​

Answer 1

Answer:

Covid 19 Pandemic was the great dipression of this two years...

Answer 2

Explanation:

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 the world; in most countries, it started in 1929 and lasted until the late 1930s.

Time period: August 1929 – March 1933

Duration (months): 43

Global GDP decline: -26.7%

Peak global unemploy­ment: 24.9% (1933)

Causes of the Great Depression

The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. ...

Banking panics and monetary contraction. ...

The gold standard. ...

Decreased international lending and tariffs.

Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. ... Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world.