Great Deppression (jan 1, 1929 – jan 1, 1941)
Description:
- Contracting stock prices wiped out paper fortunes almost overnight- Banks closed and people lost savings
- Investment dried up, world trade down 62%
- Increase in unemployment
- Vacant factories, soup kitchens, bread lines, shanty towns and beggers
Added to timeline:
Date:
jan 1, 1929
jan 1, 1941
~ 12 years