Believe it or not, the ground work for the Great Depression was laid in 1919, with the signing of the treaty of Versailles to end world war one. The Reparations and the War Guilt Clause
In the treaty, Article 231 of the Treaty (the 'war guilt' clause) held Germany solely responsible for all 'loss and damage' suffered by the Allies during the war and provided the basis for reparations. The total sum due was decided by an Inter-Allied Reparations Commission and was set at £6.6 Billion. This would have taken Germany till 1984 to pay. The economic problems that the payments brought not only caused the collapse of the Weimar Republic, allowed Adolf Hitler to come to power and set the stage for another world war, but also had a ripple effect to the rest of the industrialized world. So the Allies could whoop it up for a decade or so on War profits, but ultimately, since the global economy was already very interedependent by 1900, Germany's depression became a global depression. In the US, this initial factor was magnified greatly by a stock price bubble that burst in 1929, and a severe drought plus several dust storms that rocked the midwest from 1931 till 1933.
2006-11-02 07:30:37
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answer #1
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answered by Rico Toasterman JPA 7
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From 1929-1939.
2006-11-02 07:13:57
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answer #2
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answered by Anonymous
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Great Depression was a worldwide economic downturn which started in 1929 (although its effects were not fully felt until late in 1930) and lasted through most of the 1930s. It centered in North America and Europe, but had damaging effects around the world.
2006-11-02 07:16:09
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answer #3
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answered by Anonymous
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It started after the "Great Crash" in October 1929. It lasted until 1939 or perhaps the early 1940s when the U.S. began to gear up for WWII. (the factories employed more workers to make tanks, etc for the war effort)
2006-11-02 07:55:53
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answer #4
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answered by Lizzie 5
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It started in October of 1929 with Stock Market Crash--at least here in the United States. I have met people from European nations that told me it started as early as 1927 in the countries they came from
2006-11-02 07:35:51
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answer #5
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answered by katlvr125 7
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1929 When the stock market crashed. It ended the very prosperous era of the Roaring 20s.
The great depresion was officially over with our entry into WWII.
2006-11-02 07:14:46
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answer #6
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answered by HeyDude 3
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It is generally traced to the stock market crash of October 29, 1929, but it took about 6 months or so to really settle in, and 1933 is generally considered its worst rock-bottom year.
2006-11-02 07:15:14
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answer #7
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answered by kent_shakespear 7
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Tuesday, october 29, 1929 is when the stock market collapsed, but it really started a couple months after that, when banks failed, people lost their jobs, the economy completely collapsed, etc
2006-11-02 07:14:56
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answer #8
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answered by Kremer 4
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it started in 1929 and lasted till the late 1930s.
2006-11-02 07:14:03
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answer #9
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answered by samanthajh37 1
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You obviously have a computer! Just do a search for "The Great Depression" and you'll get your answer!
2006-11-02 07:15:30
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answer #10
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answered by Anonymous
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