In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940.

2025年1月13日 · 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 was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity, industrial production, and trade; and widespread bank and business failures around the world.

2009年10月29日 · The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. At its peak, the U.S. unemployment rate topped 20 percent.

2024年7月13日 · 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...

Protectionism, such as the American Smoot–Hawley Tariff Act, is often indicated as a cause of the Great Depression, with countries enacting protectionist policies yielding a beggar thy neighbor result.

By 1932, one of every four workers was unemployed. Banks failed and life savings were lost, leaving many Americans destitute. With no job and no savings, thousands of Americans lost their homes.

By understanding this dark period in American history, we gain insight into the country’s socio-economic evolution and prepare ourselves with the knowledge to prevent or mitigate similar future crises.

With the destruction wrought by World War I, Europeans struggled while Americans flourished. Upon succeeding to the Presidency, Herbert Hoover predicted that the United States would soon see the day when poverty was eliminated. Then, in a …

2024年8月10日 · Economists and historians point to the main cause of the great depression—the stock market crash of October 24, 1929, as the start of the downturn. But the truth is there were many causes of the Great Depression, not just one single event.