Today, it could be a global debt of $247 trillion that causes the next crash.
The Great Depression began with the Wall Street Crash in October 1929.The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement.Altogether, there was a general loss of confidence in the economic future. After a decade of escalating US ho… A closed sign hangs in the window of a shop in Portsmouth, N.H. | Charles Krupa, File/AP Photo

It was the longest, deepest, and most widespread depression of the 20th century. Learn about the Dust Bowl, New Deal, causes of the Great Depression, a Great Depression timeline more. Ten years ago, it was too-easy credit that brought financial markets to their knees. Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939.It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. IMF predicts global contraction on par with Great Depression Economic recovery is expected in 2021. The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. Although it originated in the United States, the Great Depression caused drastic … The Great Depression was the worst economic downturn in world history.

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