Great Depression Definition Us History
Stock market crash of 1929 and did not end until 1946 after world war ii.
Great depression definition us history. It began in the united states but quickly spread throughout much of the world. It was the longest and most severe depression ever experienced by the industrialized western world sparking fundamental changes in economic institutions macroeconomic policy and economic theory. The great depression was the worst economic downturn in world history. It began with the u s.
And other countries roughly beginning with the stock market crash in october 1929 and continuing through most of the 1930s. Migrant mother photo by dorothea lange farm security administration the great depression was a time of great economic crisis during the 1930s. It was the longest deepest and most widespread depression of the 20th century. The great depression began with the wall street crash in october 1929 the stock market crash marked the beginning of a decade of high unemployment poverty low profits deflation plunging farm incomes and lost opportunities for economic growth as well as for personal advancement altogether there was a general loss of confidence in the economic future.
The great depression was the greatest and longest economic recession in modern world history. History us history 1900 to present. You will find the definition of each vocabulary word and explain how it affected the great depression. In an attempt to end the great depression the u s.
Great depression worldwide economic downturn that began in 1929 and lasted until about 1939. The great depression which lasted from 1929 to 1941 was a severe economic downturn caused by an overly confident over extended stock market and a drought that struck the south. The great depression was a severe worldwide economic depression that took place mostly during the 1930s beginning in the united states the timing of the great depression varied across the world. Us history the great depression.
Government took unprecedented direct action to help stimulate the economy. Cont lesson 2 continue cornell notes. Lesson 6 great depression scavenger hunt. Great depression definition the economic crisis and period of low business activity in the u s.