What the most famous event in America's economic history?

Question

Can you explain the meaning of 'depression' at that time?

Answer 1

It occurs between 1929 to 1933. The gdp and unemployment was very high. The stock exchange had a great fall. It was known in the history has black Tuesday.

Comments

You got the main point. It seems that history really speaks for itself. Things are starting to change now.

Answer 2

Great depression. Depression in this meaning goes for industrial annd agricultural overproduction. People were not able to buy all the goods that were produced.

Comments

That's a terrible situation. I wondered when this depression happened. I mean the exact date or year.

Answer 3

The 'Great Depression,' which began in 1929, is arguably the most famous event in American economic history. I am sure that this event was recorded.

Answer 4

'The great depression' no economist in the united states of america would forget this period in their economy was really bad, their stock exchange market was falling and there great rate unemployment.

Answer 5

One of the most famous events in America's economic history is the Stock Market Crash of 1929, also known as the Great Crash. On October 29, 1929, the stock market experienced a significant drop, with the Dow Jones Industrial Average falling by nearly 25%. This event marked the beginning of the Great Depression, a severe economic downturn that lasted for more than a decade and had a major impact on the global economy. Millions of people lost their jobs, and many businesses and banks failed. The Great Depression was a major economic and social crisis that had a profound effect on the United States and the world, it's one of the most studied and debated period in American economic history.

Answer 6

The most famous event in America's economic history is the Great Depression, which began in 1929 and lasted until the mid-1930s. During this period, the US economy experienced a severe downturn, with unemployment reaching 25% and GDP falling by more than half. The term "depression" refers to a period of prolonged economic decline, characterized by stagnation or decline in production, employment, and prices.

Answer 7

This event marked the beginning of the Great Depression, a severe economic downturn that lasted for more than a decade and had a major impact on the global economy. Millions of people lost their jobs, and many businesses and banks failed.