HomeAboutLogin
       
       
 

   
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 nations; in most countries, it started in 1929 and lasted until the late 1930s. 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 world's economy can decline.

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. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.

The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%.

Cities around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming communities and rural areas suffered as crop prices fell by about 60%. Facing plummeting demand with few alternative sources of jobs, areas dependent on primary sector industries such as mining and logging suffered the most....
 
 
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 nations; in most countries, it started in 1929 and lasted until the late 1930s. 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 world's economy can decline.

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. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.

The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%.

Cities around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming communities and rural areas suffered as crop prices fell by about 60%. Facing plummeting demand with few alternative sources of jobs, areas dependent on primary sector industries such as mining and logging suffered the most....

More > http://en.wikipedia. ... Depression

View > BooksImagesVideos

Related • 1920s1930sEconomyScienceUSA20th Century

 
    Herbert Hoover, 31st US President, 929-1933
  Herbert Hoover, 31st US President, 929-1933
Herbert Clark Hoover, the 31st President of the United States (1929-1933), was a world-famous mining engineer and humanitarian administrator before turning to political administration. A Republican, he defeated Democrat Alfred E. Smith in the preside...
 
    Franklin Roosevelt, 32nd US President, 1933-1945
  Franklin Roosevelt, 32nd US President, 1933-1945
Thirty-Second President USA, 1933-1945. Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves. He brought hope as he promised prompt, vigorous action, and asserted in...
 
    Al Capone, Scarface
  Al Capone, Scarface
Alphonse Gabriel Capone, sometimes known by the nickname "Scarface", was an American mobster, crime boss, and businessman who attained notoriety during the Prohibition era as the co-founder and boss of the Chicago Outfit. His seven-year reign as crim...
 
    Bonnie and Clyde
  Bonnie and Clyde
Bonnie Parker and Clyde Barrow were notorious outlaws, robbers and criminals who travelled the Central United States during the Great Depression. Their exploits were known nationwide. They captured the attention of the American press and its readersh...
 
    Wall Street Crash
  Wall Street Crash
The Wall Street Crash of 1929, also known as the Crash of ’29 or the Great Crash, was the most devastating stock market crash in the history of the United States, taking into consideration the full scope and longevity of its fallout. Three phrases—Bl...
 
    Pearl Harbor Raid, US joins WW2
  Pearl Harbor Raid, US joins WW2
The 7 December 1941 Japanese raid on Pearl Harbor was one of the great defining moments in history. A single carefully-planned and well-executed stroke removed the United States Navy's battleship force as a possible threat to the Japanese Empire's so...
 
       
 
         
          2020 © Timeline Index | Webwork.Amsterdam