What was great depression

The Great Depression was a severe worldwide economic depression that began in 1929 and lasted until about 1939.

It was the longest and most severe economic downturn in the history of the industrialized world.

The stock market crash of 1929 marked the beginning of the Great Depression and was followed by a decade of high unemployment, poverty, and low economic growth.

Hundreds of banks failed, and millions of people lost their savings as a result of the economic downturn.

The Great Depression led to a sharp decrease in industrial production, a rise in unemployment, and a decrease in wages.

Many people were forced to move to other areas in search of work, and some were even forced to live in shantytowns.

The government responded to the Great Depression by creating a number of relief programs such as the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA).

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