When did the Great Depression start?
“The Great Depression was a severe economic downturn that lasted from 1929 to 1939. It began with the stock market crash on October 24, 1929, known as “”Black Thursday,”” when panicked investors sold their stocks, triggering a chain reaction of falling stock prices. The stock market continued to decline over the following weeks, leading to the Great Crash on October 29, 1929, also known as “”Black Tuesday.””
The stock market crash was just one of the many factors that contributed to the Great Depression. Other factors included a decline in agricultural prices, a reduction in consumer spending, and a decrease in industrial production. These factors combined to create a vicious cycle of falling prices, falling incomes, and rising unemployment.
The Great Depression had a profound impact on the United States and the world, causing millions of people to lose their jobs, homes, and savings. It also led to significant changes in government policy, with the New Deal programs of President Franklin D. Roosevelt aimed at providing relief, recovery, and reform to help the country recover from the economic crisis.”