Dorothea Langes migrant Mother depicts destitute pea pickers in California, centering on Florence Owens Thompson, age 32, a mother of seven children, in Nipomo, California, troop 1936.
USA annual real GDP from 191060, with the years of the dandy Depression (19291939) highlighted.
Unemployment rate in the US 19101960, with the years of the Great Depression (19291939) highlighted.The Great Depression was a severe existencewide economic impression in the decade preceding human War II. The timing of the Great Depression varied crossways nations, but in most countries it started in about 1929 and lasted until the lately 1930s or early 1940s.[1] It was the longest, most widespread, and deepest depression of the twentieth century.[2]
In the 21st century, the Great Depression is commonly use as an example of how far the worlds economy can decline.[2] The depression originated in the U.S., starting with the fall in stock prices that began most September 4, 1929 and became worldwide news with the stock market chock up of October 29, 1929 (known as Black Tuesday). From there, it quickly spread to almost each country in the world.
The Great Depression had devastating make in countries rich and poor. Personal income, tax revenue, profits and prices dropped, time international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.[3]
Cities all around the world were hit hard, especially those dependent on heavy industry. twist was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%.[4][5][6] set about plummeting demand with few alternate sources of jobs, areas dependent on basal sector industries such as cash cropping, mining and record suffered the most.[7]
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