Respuesta :
Answer: The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. The Great Depression started in the United States after a major fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929, (known as Black Tuesday). Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.
Explanation:
The Great depression had several impacts on the world economy and the most affected was the USA. It declined almost 27% World's GDP.
How did the Great depression affect the American economy?
The American economy was affected worst by the Great Depression it impacts was industrial production decreased 47%, GDP declined almost 30%, and the unemployment rate was 20% from 1929 to 1933.
There are some major reasons which cause the Great Depression are
- US stock market crashed
- Decreased international tariffs
- Irregularities in banking systems.
- Financial speculations
- Investment dropped
Therefore World suffered a lot during the Great Depression.
Learn more about The Great Depression here:
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