The Great Depression (jan 1, 1929 – jan 1, 1933)

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The Great Depression, from 1929 to 1933, was a devastating economic downturn in the United States. It caused widespread unemployment, bank failures, and a significant drop in production and consumption. President Franklin D. Roosevelt declared a "bank holiday" to stabilize the banking system and restore public confidence. This period led to massive economic hardship for many Americans and prompted significant government interventions to address the crisis.

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