The Great Depression that began on October 24, 1929 in the USA stock market crashed and lasted until about 1939. In the modern history as the greatest and also the longest economic downturn or recession it is also called as Black Thursday.
What is Great Depression?
The “Great Depression” define was the worst economic downturn in American and international history. During the 1929–1939 periods, the stock market fell due to an economic depression.
The global economy has had a significant impact on the United States. Since 1929, the American economy has completely collapsed. Unemployment rates are raising both internationally and domestically. Inflation has been widespread, and the stock and bond markets have suffered as a result.
As a result, the stock market's decline and inflation in 1929 reflected the effects of the U.S and other countries' economy.
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