Great+Depression

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. It began when the United States stock market crashed on October 29, 1929 or also known as "Black Tuesday". This crash was due to an over-extension of credit and spending in the United States. Within the United States, some of the effects due to the Depression include a rise in unemployment peaking at 25 percent and the economy slowing down the the lack of consumers for goods. The Great Depression did not only affect the United states but affected European countries as well. This was because the United States had been giving loans to European countries before the crash, so when the United States could no longer able to continue giving out loans, those countries depending on the loans saw their economies suffer. For Germany the effects were the worst resulting in a failing economy from decrease in trade and it paved the road in which Hitler could come to power. The United Kingdom and France, although not hit as hard as Germany, was still affect by the decrease in United States economy because if the decrease in trade to the United States.

Graph of GDP in the United States from years 1910-1960.

Graph of the unemployment rate in the United States.

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