aug 3, 1929 - Great Depression
Description:
The Great Depression was a significant global economic depression primarily happening during the 1930s, originating in the United States. The duration of the Great Depression differed across nations, it started in 1929 in most countries, and continued until the late 1930s.
Causes-
Stock Market Crash
Whatever its impact on money supply in the U.S., the gold standard unquestionably played a role in extending the Great Depression from the U.S. to other nations.
Effects-
The US economy was destroyed by the Great Depression. Half of all banks is bankrupt. Unemployment has increased to 25 per cent and homelessness has grown. Housing prices plummeted by 30%, international trade crashed by 65%, and prices dropped by 10% annually.
Added to timeline:
WW2 Timeline
Date:
