1 agos 1929 año - Great Depression
Descripción:
what:
The Great Depression was the worst economic downturn in the history of the industrialized world
cause:
stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over years, consumer spending and investment dropped, causing declines in industrial output, employment and laid off workers.
effect:
Half of all banks failed. Unemployment rose to 25% and homelessness increased. Housing prices plummeted 30%, international trade collapsed by 65%, and prices fell 10% per year. people abandoning their children so that they could eat and the great Emu war.
Añadido al timeline:
fecha:
1 agos 1929 año
Ahora mismo
~ 94 years ago