How Did The Great Depression Affect The Economy
The Great Depression was a long-lasting economic crisis in the global economy which started in the U.S. in 1929. The Great Depression officially ended in 1940, but in reality the U.S. economy started recovering only after World War II. The Great Depression was synchronized and comprehensive and affected all the sectors of the global economy.
The beginning of the Great Depression in the US is considered October 29, 1929, the so-called “Black Tuesday.” The stock market collapsed, in one day the shares fell by 10 billion dollars, which meant the disappearance of 10 billion dollars of credit money. Because of this fall 20-25 million people in the U.S. suffered losses. Before the beginning of the Great Depression the rate of the U.S. gold reserve
The beginning of the Great Depression in the US is considered October 29, 1929, the so-called “Black Tuesday.” The stock market collapsed, in one day the shares fell by 10 billion dollars, which meant the disappearance of 10 billion dollars of credit money. Because of this fall 20-25 million people in the U.S. suffered losses. Before the beginning of the Great Depression the rate of the U.S. gold reserve