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About: Great Depression in the United States     Goto   Sponge   NotDistinct   Permalink

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

Type: Thingyago:Abstraction100002137yago:Attribute100024264yago:Condition113920835yago:Crisis113933560yago:Difficulty114408086yago:Situation114411243yago:State100024720yago:WikicatFinancialCrises New Facet based on Instances of this Class

In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement. Altogether, there was a general loss of confidence in the economic future.