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The Great Depression still affect us in many ways today. America expanded government intervention into new areas of social and economic affairs and the creation of more social assistance agencies . The government took on greater roles on the everyday social and economic life of people.
The stock market lost almost 90% of its value between 1929 and 1933.
Around 11,000 banks failed during the Great Depression, leaving many with no savings.
In 1929, unemployment was around 3%.
Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. ... Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world.
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