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The Great Depression was a period of US economic devastation that started with the stock market crash of October 29, 1929 and continued pretty much through the beginning stages of World War II in 1939.

The causes of the Great Depression were many and myriad…so much so, that even to this day, there is heated debate as to the exact cause and/or series of events that actually triggered America’s economic downfall.

While ‘Black Friday’ is generally considered the singular date that denotes the onset of the Great Depression, The Great Depression was not a sudden total collapse. The stock market turned upward in early 1930, returning to pre-Black Friday levels by April, though still almost 30 percent below the peak of September 1929. All tolled, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year.

In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by......

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Approximate Word Count: 499
Approximate Pages: 2 (250 words per double-spaced page)

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