The Great Depression (1 авг 1929 г. – 1 март 1933 г.)

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Four major causes of the Great Depression were the stock market crash in 1929, bank failures, over-production and drought. The Great Depression that began at the end of the 1920s was a worldwide phenomenon. By 1928, Germany, Brazil, and the economies of Southeast Asia were depressed. By early 1929, the economies of Poland, Argentina, and Canada were contracting, and the U.S. economy followed in the middle of 1929.

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