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. 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-2: -The Depression was the longest and deepest downturn in the history of the United States and the modern industrial economy. The Great Depression began in August 1929, when the economic expansion of the Roaring Twenties came to an end. A series of financial crises punctuated the contraction.

Detailed explanation-3: -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-4: -The Great Economic Depression was one of the worst hit economic downturns in history of the industrial world. It lasted from 1929 to 1939.It started with crash of world market in 1929 october which sent wall street into panic and wiped out millions of investors.

Detailed explanation-5: -The Great Depression began in 1929 with a steep fall in New York Stock Exchange and continued well into the mid-1930s. During depression agricultural prices fell, industrial production came to a halt, and millions of people became jobless and homeless.