532,539 views
5 votes
5 votes
What is the Great Depression? Which place did it start it? Who is associated with starting it? When did it emerge? what happened to happened with the Great Depression? How did the Great Depression in question influence the course of history?

User Roy Paterson
by
2.4k points

2 Answers

17 votes
17 votes

The Great Depression was a period of economic downturn that occurred in the 1930s, which had a widespread and devastating impact on many countries around the world. It is generally considered to have started in the United States, although it quickly spread to other countries through trade and financial linkages.

There is no one person who is specifically associated with starting the Great Depression, as it was a complex and multifaceted event that was the result of a combination of economic, political, and social factors. However, some historians have pointed to the economic policies of the U.S. government in the 1920s, particularly the Federal Reserve's decision to raise interest rates in the late 1920s, as contributing factors to the onset of the depression.

The Great Depression emerged in 1929 and lasted until the late 1930s. It was marked by widespread unemployment, falling prices, and declining production and trade. Many people lost their jobs, homes, and savings during this period, and there was a great deal of social and political unrest as a result.

The Great Depression had a significant influence on the course of history. It led to the rise of authoritarian regimes in some countries, as people turned to strong leaders who promised to restore prosperity and order. It also contributed to the onset of World War II, as countries sought to expand their economies through military expansion and conquest. After the war, the experiences of the Great Depression helped to shape the development of economic policy and the creation of institutions such as the International Monetary Fund and the World Bank, which were designed to promote global economic stability and prevent future economic crises.

User Enix
by
3.0k points
14 votes
14 votes

Answer:

The Great Depression was a severe economic downturn that occurred in the 1930s, lasting from 1929 to about 1939. It was characterized by high levels of unemployment, stagnant economic growth, and falling prices (deflation). The Great Depression started in the United States and spread to other countries around the world, affecting both developed and developing nations.

The Great Depression is typically associated with the stock market crash of 1929, when the value of stocks on the New York Stock Exchange fell dramatically, leading to a series of economic and financial problems. However, the causes of the Great Depression were complex and multifaceted, and included factors such as overproduction, excessive speculation, and the distribution of wealth and income.

The Great Depression had a significant impact on the course of history. It led to widespread social and political unrest, including the rise of authoritarian regimes in some countries, and contributed to the outbreak of World War II. In the United States, the depression led to the election of President Franklin D. Roosevelt, who implemented a series of economic and social policies known as the New Deal, which aimed to stimulate economic recovery and provide relief to those affected by the depression. These policies had a lasting impact on the U.S. economy and continue to shape economic policy to this day.

User Kberg
by
2.9k points