Great Depression
At a glance:
- Series: Great Events from History: North American Series
- Categories: Economics
- Subcategories: Business, Depressions, Recessions
- Curriculum: American History 1901-1950
- Geographical Location: Canada, United States
- Date: October 29, 1929-1939
Article abstract: The worst period of poverty and hardship in the twentieth century, both in North America and abroad.
Summary of Event
Beginning in the summer of 1929, the U.S. economy began a contraction that continued, with minor interruptions, until March of 1933 and from which the nation did not fully recover until 1939. The value of the nation’s output of goods and services, or gross national product (GNP), fell from $104 billion in 1929 to $55 billion in 1933, causing a 30 percent decline in the quantity of output and interrupting for more than...
[The entire page is 2159 words long]
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
