The Great Depression (oct 29, 1929 – sep 1, 1939)

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The Great Depression was the longest and most serious downturn ever experienced by the world economy. It began in the United States in 1929 but spread quickly throughout the world, lasting for about 10 years. The depression caused drastic declines in economic production and severe unemployment in almost every country. In the United States, it was the gravest crisis since the Civil War.

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