Overview of the Great Depression

Key Ideas

The Great Depression was a global economic crisis that began in 1929 and lasted throughout the 1930s, leading to a significant decline in employment rates, industrial production, and living standards worldwide.

The crisis started with the stock market crash of 1929 and was exacerbated by bank failures, a downturn in trade, and a decrease in consumer demand.

Government interventions, such as the economic program "New Deal" in the United States and wartime production efforts during World War II, contributed to the eventual recovery.

The Great Depression influenced economic policy-making and the development of safety nets for future generations.#MarketTurbulence #HotJulyPPI #CPIWatch #BTCHashratePeak $BNB $SOL $ETH #CPIWatch