The Great Depression is an event which is most important economic event in American History.
It caused huge hardships for all the people affecting all the citizen of America.
Now, lets have a look at it what was it ?
The U.S. stock market crashed in October 1929 triggered worldwide economic crisis.
With this, Consumer Spending & Investment Dropped, causing a notable declines in Industrial Output and Employment.
People were unemployed and dependent on Govt. or charities for food and other necessities.
World trade process was slowed down. Governments changed.
U.S. president Franklin D. Roosevelt initiated the New Deal, a program of government reforms to help ease the effects of the Depression.
The Great Depression ended with the increased level of production brought about by America's entry into World War II.
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