- published: 10 Oct 2013
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The Great Depression was a severe worldwide economic depression that took place during the 1930s. The timing of the Great Depression varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline.
The depression originated in the United States, after a fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide GDP fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.
The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%.
The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries.
The Roaring Twenties, the decade that followed World War I and led to the Crash, was a time of wealth and excess. Building on post-war optimism, rural Americans emigrated to the cities in vast numbers throughout the decade with the hopes of finding a more prosperous life in the ever growing expansion of America's industrial sector. While the American cities prospered, the overproduction of agricultural produce created widespread financial despair among American farmers throughout the decade. This would later be blamed as one of the key factors that led to the 1929 stock market crash.
Great may refer to:
Depression or depress(ed) may refer to:
You can directly support Crash Course at https://www.patreon.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Free is nice, but if you can afford to pay a little every month, it really helps us to continue producing this content. In which John Green teaches you about the Great Depression. So, everybody knows that the Great Depression started with the stock market crash in 1929, right? Not exactly. The Depression happened after the stock market crash, but wasn't caused by the crash. John will teach you about how the depression started, what Herbert Hoover tried to do to fix it, and why those efforts failed.
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The National Archives Southeast Region presents stories from survivors of the Great Depression overlaid with powerful pictures from era.
A one-minute video which explains what the great depression was all about. The events which took place as of 1929 definitely had a huge impact on the historic events which followed and even as far as the present is concerned, it's hard to genuinely understand the current worldwide economic landscape without knowing a thing or two about the Great Depression of 1929. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
What Caused the Great Depression? The world seems to be crashing on you and there is no place to run. This could be a description of what people felt during the Wall Street Crash of 1929 (October 1929) which was also called as the Great Crash, and the Stock Market Crash of 1929. This disaster was the start of the Great Depression which lasted for 12 years and ended at the onset of World War II in 1941. Stock Market Crash of 1929 October of 1929 saw the collapse of the stock market which obliterated 40 percent of the value of common paper stock. This represented only a single happening as the tragedy continued and more and more people became penniless which rendered them helpless in providing for the needs of their families. Folks were pleading for money and food for their children as the...
Great Depression Rap - Smart Songs www.SmartSongs.org Directed by: Shoeless Jeff Written and Performed by: Shoeless Jeff & Scott Free Beat Composition: John Della Morte Mixing & Mastering: Marc Antonio Pritchett Filming: Tim McCombe & James Mills Special Effects Supervisor: Steven Aguilera Logo Design & Special Effects: Carlos de la Vega Costumes & Props: Mr. Vintage of Burbank Hair & Makeup: Katie Skarvinko and Danyell Weinberg Special Thanks: Arnold Delapous and Bob Smith for vintage cars Featured: Dennis King Geoffrey D. Hill Carly Toth Randy Vinneau Tanissia Sprull Max Stern Josh Capo Meghan Stephens Kim Farris Gallupdick Pullag Jacob McGregor Bryce Thurston Natalie Thurston Steven Aguilera Bob Smith Aaron Smith Nathan the Piano Man Lyrics: America was poor in the Great Depression ...
DMX - 2001 - The Great Depression album
Jersey Shore S03E08 "The Great Depression"
Jersey Shore S03E08 The Great Depression
Fall - into ashes
Hole - of the imperium
Rise - of the fallen
Come - to the omen
Lords - of chaos awaits
Signs - of the times
Cold - and dark approaches
Brutal - depression arrives (arise)
Great depression
In a fraction
The empire is gone
Great depression
In a fraction
The empire is gone
Forward - and don't look back
Never - stop and rest
Forever - your spirit should go
Away - away from it all
Sky - blood red
Rise - beneath the sky
Fly - to nowhere fast
Survive - the massive test (survive)
Great depression
In a fraction
The empire is gone
Great depression
In a fraction
The empire is gone
Skulls - and crossbones lay
Dark - fear and decay
Slow - finding its way
Crawl - out of this plague
Numb - you don't feel it all
Womb - maggots will crawl
Frozen - and paralyzed to life
Crumble - the empires die (die)
Great depression
In a fraction
The empire is gone
Great depression
In a fraction