Cause and Effect of the Great Depression
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The Great Depression refers to the serious economic decline that started in the United States towards the end of 1929 and spread to most industrial countries of the world, lasting until the early 1940s.The period saw sharp declines in the production and sale of goods and a sudden, severe rise in unemployment. Numerous businesses and banks closed down or went bankrupt, people lost their jobs, homes, and savings, and large sections of the population in hitherto prosperous countries had to depend on charity to survive. Economists have discussed and dissected the causes of the Depression ever since, and its long-term effects have not even been fully overcome even today. This paper discusses some of the important causes and effects of the Great Depression.
Cite this Cause and Effect Essay:
Cause and Effect of the Great Depression (2004, December 30) Retrieved December 05, 2023, from https://www.academon.com/cause-and-effect-essay/cause-and-effect-of-the-great-depression-54528/
"Cause and Effect of the Great Depression" 30 December 2004. Web. 05 December. 2023. <https://www.academon.com/cause-and-effect-essay/cause-and-effect-of-the-great-depression-54528/>