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About: Timeline of the Great Depression     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Timeline106504965, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:WikicatSociety-relatedTimelinesyago:Abstraction100002137yago:Chronology106503224yago:Communication100033020yago:Evidence106643408yago:Indication106797169yago:Record106647206yago:WrittenRecord106502378yago:Timeline106504965 New Facet based on Instances of this Class

The initial economic collapse which resulted in the Great Depression can be divided into two parts: 1929 to mid-1931, and then mid-1931 to 1933. The initial decline lasted from mid-1929 to mid-1931. During this time, most people believed that the decline was merely a bad recession, worse than the recessions that occurred in 1923 and 1927, but not as bad as the Depression of 1920-21. Economic forecasters throughout 1930 optimistically predicted an economic rebound come 1931, and felt vindicated by a stock market rally in the spring of 1930.