HIST 1301 Lecture : Great Depression
Document Summary
The great depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the united states. Depression varied across nations, but in most countries, it started in 1929 and lasted until the late 1930s or middle 1940s. It was the longest, deepest, and most widespread depression of the 20th century. The great depression is often used as an example of how far the world"s economy can decline. The great depression had a severe impact on the global economy and people"s lives. Many countries experienced high levels of unemployment, poverty, and social unrest. The economic policies of governments and the actions of central banks, such as the. Federal reserve in the united states, played a significant role in the downturn and eventual recovery. The causes of the great depression are still the subject of debate among economists.
