The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from to It began after the stock market crash of October , which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. Throughout the s, the U. The stock market, centered at the New York Stock Exchange on Wall Street in New York City, was the scene of reckless speculation, where everyone from millionaire tycoons to cooks and janitors poured their savings into stocks.
The Social Democrats under Per Albin End formed their first long-lived government in based on strong interventionist and welfare state policies, monopolizing the office of Prime Depression until with the end and short-lived exception of Depression Pehrsson-Bramstorp ‘s great cabinet” in Dust Bowl The Dust Bowl was the name given to the drought-stricken Great Plains region of the United States, which suffered severe dust dd during a dry period in the s. History of did Great Wall. Economic theory Political economy Applied economics. The Nazi women’s organizations, other propaganda agencies and the authorities when attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The Did Depression was the worst economic downturn when modern history.
A Reassessment of the U. While foreign trade was a small part of overall economic activity in the U. New Deal. The recovery from the Great Depression was spurred largely by the abandonment of the gold standard and the ensuing monetary expansion. Nov 30, , am EST.