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The Great Depression

nickytingsai

Created on November 21, 2020

Jeimy Cai Xu

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Transcript

By Jeimy Cai

THE GREAT DEPRESSION

Reminisences and future impact

Origin

Effects

Impact on history

Determination

investments to steeply decline in the industrial output and employment, as failing companies laid off workers.

Panic wiped out thousands of investors, and over the next years, this absence would cause consumer expenses and

Prosperity was restored during the greatest shrinkage of the government, who finally ended great depression.

The great depression slammed the U.S economy, collapsing international trade, rising unemployment and plummeting housing price.

The unemployment rate was brought down to 10%, and after the U.S got into war in 1941, the last effects from the crisis vanished.

The origin takes place after the Wall Street stock market crash of 1929.