Seductive besides the stock market crash what else caused great depression
The stock market crash of — considered the worst economic event in world history — began on Thursday, October 24, , with skittish investors trading a record What exactly caused the crash — and could it have been prevented? A stock market peak occurred before the crash. Songs to make you feel strong after a breakup.
Lasting almost 10 years from late until about and affecting nearly every country in the world, it was marked by steep declines in industrial production and in prices deflation , mass unemployment , banking panics , and sharp increases in rates of poverty and homelessness. In the United States, where the effects of the depression were generally worst, between and industrial production fell nearly 47 percent, gross domestic product GDP declined by 30 percent, and unemployment reached more than 20 percent. By comparison, during the Great Recession of —09, the second largest economic downturn in U.
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