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12 cze 2024 · What were the immediate effects of the Great Depression? The stock market crash in 1929 was swift and severe. It rippled throughout the financial community, and banks started to fail.
Study with Quizlet and memorize flashcards containing terms like What was the Great Depression, First signs of economic problems in the 1920s, Cause of the Great Depression: Overproduction and more.
Study with Quizlet and memorize flashcards containing terms like What happened to the economy in 1920?, What are the harmful effects of economic boom?, What was the duration of the Great Depression? and more.
List of some of the causes and effects of the Great Depression. 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. Its social and cultural effects were no less staggering.
Learn about and revise the Great Depression and its effects in the 1930s USA with BBC Bitesize GCSE History - OCR A.
23 paź 2024 · Great Depression, 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.
During the Great Depression, millions lost their savings and jobs. Countries across the world were affected by this depression.
