Great Depression

Economic Crises and Bubbles

The Great Depression was a severe global economic downturn from 1929 to 1939. It involved high unemployment and poverty, reduced industrial production and international trade, and widespread bank and business failures. The downturn began in the United States in 1929, and its causes remain disputed. Economic recovery differed by country. World War II ended the Depression in 1939 by stimulating factory production and employment.

Period: 1929 to 1939
Worldwide GDP change: Fell by an estimated 15% between 1929 and 1932
International trade: Fell by more than 50%

Sources and credits

Article: Great Depression (English Wikipedia)
Wikidata: Q8698
Text: Card text is adapted from the English Wikipedia article by an automated summary. Wikipedia content is available under CC BY-SA 4.0; see the article history for its contributors. CC BY-SA 4.0 · Article history and contributors
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Unknown authorUnknown author or not provided, U.S. National Archives and Records Administration
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