Eat Depression<span>, </span><span>worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe </span>depression<span> ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the </span>United States<span>, the Great Depression caused drastic declines in output, severe </span>unemployment<span>, and </span>acute<span> deflation in almost every country of the world. so it is true</span>
It is true that during the worldwide economic depression of the 1930s, industrial output, farm production, and employment fell dramatically.
The worldwide economic depression of the 1930s received the name of Great Depression began. This crisis began in the United States after a major fall in stock prices in 1930. A few economies started to recover by the mid-1930s. Nevertheless, in several countries the negative effects of the Great Depression lasted until the beginning of World War II.
