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Great Depression
An economic slump in North America, Europe, and
other industrialized areas of the world. It began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.
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People tried to sell their stock, but no one was buying. Banks closed
Individuals stopped purchasing items abroad. This led the reduction in the number of items produced and thus a reduction in the workforce.
Depression
tax revenues, profits and personal incomes. Raising tariffs on imports Millions of business investors losing large sums of money and several others closing down their business completely. End up on depending on government charities
poor financial situation in Germany. Japan- invaded China and developed mines, and industries in Manchuria. Germany and Japan -brought the rise to power of militarist. United States and the Great Britain- intervened resulting to the creation of welfare systems.
States into World War II. Both people and industry became essential to the war effort because of this.
Sources
http://americanhistory.about.com/od/greatdepressi