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Great Depression
Facts about Great Depression
Fact | Fact |
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The Great Depression was the deepest and longest economic down turn in the history of the industrialized. | |
In the United States the Great Depression of October 1929 which sent Wall Street into panic and wiped out millions of investors. | |
Over the nest several years consumers spending and investment dropped causing steep declines in industrial output. And rising levels of unemployment as failing companies laid off workers | |
By 1933 when the Great Depression reached its radar some 13to 15 millions of Americans were unemployed and nearly half of the country's banks had failed. | |
Durning the Great Depression led to California most people arriving with no money or family. |