USA HISTORY

Detailed explanation-1: -The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in history. By 1933, when the Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.

Detailed explanation-2: -Economic historians usually consider the catalyst of the Great Depression to be the sudden devastating collapse of U.S. stock market prices, starting on October 24, 1929.

Detailed explanation-3: -Timing and severity. The Great Depression began in the United States as an ordinary recession in the summer of 1929. The downturn became markedly worse, however, in late 1929 and continued until early 1933. Real output and prices fell precipitously.

Detailed explanation-4: -What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.

Detailed explanation-5: -The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from the stock market crash of 1929 to 1939.