History

The Great Depression: Causes and Effects

The Great Depression

The Great Depression was the biggest economic crisis in history. It quickly spread worldwide and lasted several years.

The Great Depression began with the Wall Street crash of Thursday 24, 1929 and ended in 1942, when unemployment level recovered.

Initially, the crisis had a fast and strong impact in the U.S. banking sector. Afterwards, it extended to the real economy and to other countries.

Tags: