Review:
Great Depression
overall review score: 2.5
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score is between 0 and 5
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. It was the longest, deepest, and most widespread depression of the 20th century.
Key Features
- Stock market crash of 1929
- Bank failures
- High unemployment rates
- Severe poverty
- Dust Bowl
Pros
- Increased government intervention in the economy
- Social reforms such as Social Security and labor laws
Cons
- High levels of unemployment and poverty
- Bank failures and financial instability