Answer: Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. As stocks continued to fall during the early 1930s, businesses failed, and unemployment rose dramatically. By 1932, one of every four workers was unemployed. Banks failed and life savings were lost, leaving many Americans destitute. With no job and no savings, thousands of Americans lost their homes.
WWII: Florida’s civilian population had an important role to play. They volunteered for civil defense tasks like patrolling the coastline and watching the skies for enemy aircraft. Families conserved food and collected scrap metal and other materials to be recycled into goods for the war effort.
Early 1990s- United States: During the nineties the American economy recovered from a recession and grew strong. Inflation and unemployment were low. There were new developments in medicine and technology. The Internet began to evolve from a defense project mainly linking researchers into a new way for the world to communicate. Economy and Equality.
1920s Florida: Causes: Two highly destructive hurricanes, the Miami Hurricane of 1926 and the Okeechobee Hurricane of 1928, caused widespread damage causing many developers to go bankrupt. Finally, the Wall Street Crash of 1929 led to the Great Depression, which officially ended the Florida Land Boom of the 1920s.
Effects: The land boom left behind entirely new, planned developments incorporated into towns and cities. The news of the Florida Land Bust crippled the tourist market.
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