The Great Depression

Introduction

The Great Depression was a serious economic downturn which occurred in the decade before the Second World War. This economic downturn was experienced by most of the countries across the globe. The Great Depression began in 1930 and lasted till the late 1930s or mid 1940s. The period that this economic downturn prevailed differ in various countries. The Great Depression serves as an example to what extent the world's economy could decline. The Great Depression adversely affected people and other aspects in various countries. Tax revenues, profits, prices and personal income dropped in many countries. The Great Depression ...