THEORIES OF INTERNATIONAL RELATIONS I (ULUSLARARASI İLİŞKİLER KURAMLARI I) - (İNGİLİZCE) Dersi International Political Economy soru detayı:

PAYLAŞ:

SORU:

What is the Great Depression?


CEVAP:

The Great Depression was the worst economic crisis in the history of the industrialized world, lasting from 1929 to roughly 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, about 15 million Americans were unemployed and nearly half the country’s banks had failed.