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Examining the causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged.
On the eve of the Great Depression the South was the poorest region in the United States, its per capita income scarcely 50 percent of the national figure. It was a poor rural one-crop society in which too many people chased too little farm income.
The Great Depression was a period of severe global economic downturn that occurred from 1929 to 1939. It was characterised by high unemployment rates, crisies of liquidity, and widespread business failures around the world. [1] The economic contagion began around September 1929 in the United States, the largest economy in the world. [2]
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.
29 paź 2009 · The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from the stock market crash of 1929 to 1939.
19 kwi 2018 · The Great Depression, the worst economic downturn in modern history, profoundly affected the daily life of American families in ways large and small.
The Great Depression was an unprecedented economic crisis that affected almost every American across the nation. In the South, farmers, tenant farmers, and sharecroppers, already facing economic hardship due to wartime overproduction and lower post-World War I demand, faced especially tough economic conditions.
