USA HISTORY

Detailed explanation-1: -The Great Depression was the worst economic depression ever to affect the industrialized world which lasted from the stock market crash of 1929 till the beginning of World War II in 1939.

Detailed explanation-2: -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. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5, 000 banks had gone out of business.

Detailed explanation-3: -The 1929 stock market crash, the Smoot-Hawley Tariff act of 1930, government policies, bank failures and panics, and the depletion of the money supply are some of the major causes of the Great Depression.

Detailed explanation-4: -1929–1941. The longest and deepest downturn in the history of the United States and the modern industrial economy lasted more than a decade, beginning in 1929 and ending during World War II in 1941.

Detailed explanation-5: -Key Takeaways. The Great Depression was the greatest and longest economic recession in modern world history that ran between 1929 and 1941. Investing in the speculative market in the 1920s led to the stock market crash in 1929, which wiped out a great deal of nominal wealth.