Q:

Where did the Great Depression take place?

A:

Quick Answer

According to the International Encyclopedia of the Social Sciences, the Great Depression was a worldwide occurrence that affected the majority of market-oriented countries, in particular those that were in adherence to the gold standard. The U.S. stock market crash of 1929 precipitated the worldwide Great Depression.

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Full Answer

World trade spiraled downward following the U.S. stock market crash, with the depression spreading from country to country and leading to declining levels of imports. During the Great Depression, the U.S. unemployment rate reached 25 percent, while U.K. and German unemployment rates reached 16 percent and 30 percent, respectively. Recovery was very slow, worsening the situation and prolonging the depression.

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Related Questions

  • Q:

    What happened in the Deep South of North America in the 1930s?

    A:

    The stock market crash and subsequent economic depression, known as the Great Depression, hit the deep South much harder than the rest of the country. Life was difficult for all Southerners, particularly African-Americans, during this decade, as cotton prices fell and the boll weevil wiped out crops on a large scale.

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  • Q:

    When was the Great Depression?

    A:

    The Great Depression began in the United States in September 1929 and lasted through 1939. With the stock market crash in October 1929 the depression was felt worldwide, with most countries experiencing extreme financial hardship, some through the middle 1940s.

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  • Q:

    How long was the Great Depression?

    A:

    The Great Depression lasted for approximately 10 years, from 1929 to 1939. The stock market crash in October 1929 wiped out millions of investors and sent Wall Street into a panic. By 1933, 13 to 15 million Americans were unemployed, and almost half of U.S. banks had failed.

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    What were some of the jobs available during the Great Depression?

    A:

    Available jobs during the Great Depression included working as servants or clerks, jobs in textile factories and positions with one of the railroad companies. There were jobs available but, with so many people unemployed, there was fierce competition for steady employment.

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