Great Depression

Great Depression

The Great Depression
Depression
1929
1940
US Recessions

More About Great Depression

  • Took place between 1929 and 1940
    • ¬† ¬†Included 2 separate technical recessions:
      1. 1929-1932 Recession
      2. 1933-1936 were actually years of growth
      3. 1937-1940 Recession
  • Stock markets dropped ~80% from 1929 to 1932
  • Some viewed it as a "Crisis of Confidence"
    • Federal Government & Private Actions were coordinated to restore investor confidence
    • Nonetheless, banks failed, markets stayed depressed, etc. (suggested these efforts may not have worked)
  • Countries reacted by becoming increasingly protectionist
    • Also lead to a rise in populism (Hitler & Mussolini)
    • Tariffs enacted ended up making the depression worse