Great Depression What: Difference between revisions
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The Great Deression was an economic downturn which started in 1929 and its effects continued to last through the 1930s. ALthough the main effects were felt in North America and Europe, it affected countries around the world. Cities around the world that were based on heavy industry were hit the hardest and unemployment and homelessness shot up. | The Great Deression was an economic downturn which started in 1929 and its effects continued to last through the 1930s. ALthough the main effects were felt in North America and Europe, it affected countries around the world. Cities around the world that were based on heavy industry were hit the hardest and unemployment and homelessness shot up. | ||
==The 1920's== | |||
In the United States the decade of the 1920's was a decade of brisk economic growth in the United States that was marked by an expansion of consumer credit. Major innovations in the consumption behavior of households led to the purchase of durable goods such as automobiles, refrigerators, and radios, which utilized the availability of more credit. | In the United States the decade of the 1920's was a decade of brisk economic growth in the United States that was marked by an expansion of consumer credit. Major innovations in the consumption behavior of households led to the purchase of durable goods such as automobiles, refrigerators, and radios, which utilized the availability of more credit. | ||
Revision as of 15:35, 4 December 2006
The Great Depression
The Great Deression was an economic downturn which started in 1929 and its effects continued to last through the 1930s. ALthough the main effects were felt in North America and Europe, it affected countries around the world. Cities around the world that were based on heavy industry were hit the hardest and unemployment and homelessness shot up.
The 1920's
In the United States the decade of the 1920's was a decade of brisk economic growth in the United States that was marked by an expansion of consumer credit. Major innovations in the consumption behavior of households led to the purchase of durable goods such as automobiles, refrigerators, and radios, which utilized the availability of more credit.
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