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What Was the Great Depression? Janet Pascal, Dede Putra
Publisher: Penguin Young Readers Group

Below: A run on a bank in Berlin. Economists continue to study the Great Depression because they still disagree on what caused it. Increased government spending does nothing to create economic recovery, growth and prosperity. Learn more about The Great Depression of the 1930s, including causes, effects, facts, and comparisons to today. In October 1929 the stock market crashed, wiping out 40 percent of the paper values of common stock. It was the longest and most severe depression ever experienced by the industrialized Western world. During World War I , federal spending grows three times larger than tax collections. During the Great Depression, many families lost their homes because they could not pay their mortgages. Between 1930 and 1940, the southwestern Great Plains region of the United States suffered a severe drought. The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. One of the classic studies of the Great Depression, featuring a new introduction by the author with insights into the economic crises of 1929 and today. How Americans Helped Each Other During the Great Depression. A timeline of the Great Depression from the American Experience documentary Riding the Rails. Fallout from the Great Depression - A young and hopelessly unemployed Berliner panhandles for spare change. TIMELINES OF THE GREAT DEPRESSION: 1920s (Decade). The Great Depression of the 1930s was a global event that derived in part from events in the United States and U.S.