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Great Depersion

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The Great Depression (1929-39) was known as the deepest and longest-lasting economic downturn in the history of the Western industrialized world. The Great Depression began soon after the stock market crash of October 1929. This happen to send the Wall Street into a panic and wiped out millions of investors. This occurred in the United States. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers.
The Great Depression was from 1929 to 1939 and it was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In October 1929 the stock market crashed This lead to 1933, when the Great Depression reached its highest point with some 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. Though the relief and reform measures put into place by President Franklin D. Roosevelt helped lessen the worst effects of the Great Depression in the 1930s, the economy would not fully turn around until after 1939, when World War II kicked American industry into high gear.
This lead to President Herbert Hoover and other leaders in which that the crisis would run its course, matters continued to get worse over the next three years. By 1930, 4 million Americans looking for work could not find it; that number had risen to 6 million in 1931. Meanwhile, the country’s industrial production had dropped by half. Bread lines, soup kitchens and rising numbers of homeless people became more and more common in America’s towns and cities. Farmers (who had been struggling with their own economic depression for much of the 1920s due to drought and falling food prices) couldn’t afford to harvest their crops, and were forced to leave them rotting in the fields while people elsewhere

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