USA HISTORY

Detailed explanation-1: -The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s.

Detailed explanation-2: -It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

Detailed explanation-3: -Few countries were affected as severely as Canada during what became known as the “Dirty Thirties, ” due to Canada’s heavy dependence on raw material and farm exports, combined with a crippling Prairies drought known as the Dust Bowl.

Detailed explanation-4: -The widespread prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed.

Detailed explanation-5: -Beginning on Black Tuesday, October 29, 1929, when the value of the New York stock market fell dramatically, and ending in 1939, the Great Depression was a time when Canadians suffered unprecedented levels of poverty due to unemployment.