The Great Depression

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4 Terms

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What was the Great Depression?

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

2
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When did the Great Depression primarily occur?

The Great Depression primarily occurred during the 1930s, specifically from 1929 to the late 1930s or early 1940s.

3
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What event is often cited as the start of the Great Depression?

The stock market crash of October 1929, known as 'Black Tuesday', is often cited as the start of the Great Depression.

4
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List some major causes of the Great Depression.

Major causes included:1. The stock market crash of 1929

  1. Banking panics and monetary contraction
  2. The gold standard
  3. Decreased international lending and tariffs
  4. Agricultural overproduction and debt
  5. Unequal distribution of wealth

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