Great Depression (oct 24, 1929 – sep 1, 1939)
Description:
The stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.Steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness.
Added to timeline:
Date:
oct 24, 1929
sep 1, 1939
~ 9 years and 10 months