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Great Depression - Wikipedia The Great Depression was a severe global economic downturn from 1929 to 1939 The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world
Great Depression | Definition, History, Dates, Causes . . . The Great Depression was a 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
The Great Depression - Federal Reserve History The Depression was the longest and deepest downturn in the history of the United States and the modern industrial economy The Great Depression began in August 1929, when the economic expansion of the Roaring Twenties came to an end A series of financial crises punctuated the contraction
The Great Depression: Overview, Causes, and Effects What Was the Great Depression? The Great Depression was a devastating and prolonged economic recession that followed the crash of the United States stock market in 1929 It lasted through 1941,
The Great Depression - National Museum of American History At its height in 1933, nearly 25 percent of the labor force was jobless Unemployment stayed above 15 percent through the 1930s American agriculture, which had peaked during the 1910s, went bust after World War I Global demand for food and cotton fell, and prices crashed Drought destroyed crops Farmers could not repay loans
The Great Depression [ushistory. org] The unprecedented prosperity of the 1920s was suddenly gone, the Great Depression was upon the nation, and breadlines became a common sight There were fundamental structural weaknesses in the American economic system Banks operated without guarantees to their customers, creating a climate of panic when times got tough
Great Depression Facts - FDR Presidential Library Museum What was the Great Depression? The "Great Depression " was a severe, world -wide economic disintegration symbolized in the United States by the stock market crash on "Black Thursday", October 24, 1929
The Great Depression: A Global Collapse and the Dawn of a New . . . The Great Depression was a worldwide economic crisis that began in 1929 and lasted through the 1930s It was characterized by a dramatic decline in economic activity, widespread unemployment, and acute deflation