The Great Depression (1929-1939)
The Great Depression was a severe economic downturn that lasted from 1929 to 1939. It was the longest and most severe depression ever experienced by the industrialized Western world. During this period, the global economy shrank dramatically, with unemployment rates reaching as high as 25% in some countries. The Great Depression
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. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street crash of 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Germany.