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The Great Depression was a massive global economic recession (or "depression") that ran from 1929 to approximately 1939. Its primary impact hit United States of America, the British Empire and Europe.
The depression led to striking worsening in virtually every measure of economic growth. Banks failed, unemployment was high, and there were dramatic drops in Gross Domestic Product (GDP), industrial production, and stock market share prices. The downturn is generally considered to have bottomed out in 1933, but it was well after the end of World War II before such indicators as industrial production, share prices and global GDP surpassed their 1929 levels. Cities around the world were hit hard, especially those based on heavy industry.
"Depression" had long been a term for an economic downturn. What gave this downturn the name the "Great Depression" was that it was by far the largest sustained decline in industrial production and productivity in the century and a half for which......

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Approximate Word Count: 3349
Approximate Pages: 14 (250 words per double-spaced page)

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