what was the great depression?

Answer 1

It was the stock market crash of 1929 that occurred in the US. It occurred mainly due to overproduction and under-consumption of goods in the country. As there was not much demand for the goods, many lost their jobs, were left homeless and helpless.
But the main reason it's called The Great Depression is that it affected the whole world in some way or the other. We can trace this back to the World War I in which the Central European powers were defeated and many fines were imposed on them as remuneration. But due to their massive defeat, these nations were left totally bankrupt.
So, to pay their remuneration ie. the fines,they relied on the money lent by the US. Hence when the US stock market crashed, its effects were seen on the defeated European nations. The inflow of the lent money stopped and these countries too felt a major slump.
The victorious European nations relied on the remuneration money paid to them by the defeated nations to some extent . Hence, they too experienced a setback in their economies. Many of these like Britain had their own colonies too that relied on them. So, the colonies were similarly affected.
Thus, the great depression spread to the whole world and the poverty and financial troubles it brought in its wake led to the rise of dictators like Hitler, Mussolini, Franco, etc. who promised to pull their countries out of this situation.

Answer 2

The Great Depression was a dramatic, worldwide economic downturn beginning in some countries as early as 1928. The beginning of the Great Depression in the United States is associated with the stock market crash on October 29, 1929, known as Black Tuesday. The depression had devastating effects in both the industrialized countries and those which exported raw materials. International trade declined sharply, as did personal incomes, tax revenues, prices and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by 40 to 60 percent. Mining and logging areas had perhaps the most striking blow because the demand fell sharply and there were few employment alternatives.

Answer 3

The Great Depression was a dramatic, worldwide economic downturn beginning in some countries as early as 1928. The beginning of the Great Depression in the United States is associated with the stock market crash on October 29, 1929, known as Black Tuesday. The depression had devastating effects in both the industrialized countries and those which exported raw materials. International trade declined sharply, as did personal incomes, tax revenues, prices and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by 40 to 60 percent. Mining and logging areas had perhaps the most striking blow because the demand fell sharply and there were few employment alternatives.

The Great Depression ended at different times in different countries; for subsequent history see Home front during World War II. The majority of countries set up relief programs, and most underwent some sort of political upheaval, pushing them to the left or right. Liberal democracy was weakened and on the defensive, as dictators such as Adolf Hitler, Joseph Stalin and Benito Mussolini made major gains, which helped set the stage for World War II in 1939.

Answer 4

The feeling I had January 16, 1978 - Denver Broncos lose to Dallas Cowboys in Super Bowl XII

see also: January 26, 1987; February 1, 1988; and January 29, 1990.

This was all relieved January 25, 1998 and January 31, 1999

Answer 5

It was the severe economic crisis supposedly precipitated by the U.S. stock-market crash of 1929. It was a very bad time, unlike anything you have ever seen in your lifetime. Today's poor have televisions and refrigerators and jobs. During the great depression there were giant lines with people in hopes of being able to day labor for just that day in order to feed their families, people drank broth for dinner, if they even had any. We will see this again when terrorists set off nukes here.

Answer 6

Great Depression: worldwide economic downturn that began in 1929 and lasted until about 1939

Answer 7

It was the period between the crash of the stock market in 1929 to the end of world war two in 1945, when many people suffered due to economic conditions.

Answer 8

from the stock market crash in 1929 until the start of world war II (1941), the US economy was in bad shape, millions out of work, people starving...and this was before there was any welfare or social security to help people out.

Answer 9

Its the big crater left by that meteor that struck the Earth and made the dinosaurs go extinct.

Answer 10

when everyone invested their money into the stock market, and it chrased, so everyone money was gone, leaving people homeless, hungry and poor