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FAQ

The Great Depression (aug 1, 1929 – mar 1, 1933)

Description:

The Great Depression was the worst economic downturn in modern history. It lasted from the stock market crash in 1929 till 1939, and caused lots of issues all across the globe.

Causes:
-The 1929 stock market crash
-Banking panics and monetary contraction 1930-32

Effects:
-Decreased prices (deflation)
-Decreased production
-Increased unemployment

Added to timeline:

21 Feb 2020
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Date:

aug 1, 1929
mar 1, 1933
~ 3 years and 7 months