the great depression

The Great Depression is an adage not before heard until Herbert Hoover began broadly applying it in public speeches. Prior economic slumps were known as panics. An example would be the financial collapse of 1819 known as (The Panic of 1819). The adage ” The Great Depression ” was further popularized by a book published in 1934 titled “The Great Depression” written by Lionel Robbins whom had also directed the London School of economics. The Great Depression was an economic depression which took place worldwide during the decade before World War II started. This economic depression started at the end of the 1920’s and lasted for over a decade. The Great Depression started in the United States where stock prices fell in September 1929. On October 29, 1929, the stock market crash took place and that day got the name of Black Tuesday. The depression spread all over the world after that.

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