Great Depression

Great Depression

The depression is a condition in economic life where a lot of men and women are out of jobs and have no work to do, machines stand still, and the general level of economic activity is extremely below average. The Great Depression was a World Wide downfall in the nineteen thirties. It was ranked as the longest and worst period of low business and high unemployment in the nineteen hundreds. The Great Depression started in the year nineteen twenty-nine. It was caused by a humongous downfall in the stock market, and from everybody rushing to get all of their money out of the banks all at once. It was not the crash of the stock market that caused the Great Depression, but it was in fact the weakness of the nineteen twenties economy along with the ”Laissez-faire” policies of Presid...