THE GREAT DEPRESSION

Feb 3rd, 2012
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The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It mainly started in the United States. The Great Depression began with the catastrophic collapse of stock-market prices on the New York Stock Exchange in October 1929. The Great Depression began in the United States but quickly turned into a worldwide economic slump owing to the special and intimate relationships that had been forged between the United States and European economies after World War I. This is because the United States was a major creditor and financier of European nations whose economies had been affected by the war and were lying in post war debts.

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