10 Interesting Fact About The history and impact of the Great Depression

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• Great Depression is the biggest period of economic fall in the history of the United States which began in 1929 to 1939.
• The main cause of the Great Depression is the stock crisis in 1929 which impacts the destruction of the United States financial and economic system.
• More than 15 million Americans lost their jobs during the Great Depression period, which caused unemployment to reach 25%.
• During the Great Depression, many people experience extreme poverty and hunger, and they are forced to move from city to city to find work.
• The US government responds to the crisis by launching New Deal programs, which include various assistance programs and public work to help revive the economy.
• The deadline for paying back bank loans is extended during the Great Depression period, which allows more people to maintain their home ownership.
• During the Great Depression period, many people are forced to sell their cars because they are unable to pay installments or repair vehicles.
• Large economic recession also affects the global economy, especially in Europe, which has experienced significant economic declines.
• Share ownership and investment in the stock market becomes very unpopular after the Great Depression.
• Industrial development and technological advances during this period help accelerate economic recovery and strengthen the United States industry.