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The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s.


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The Great Depression began in August 1929, when the United States economy first went into an economic recession.Although the country spent two months with declining GDP, it was not until the Wall Street Crash in October 1929 that the effects of a declining economy were felt, and a major worldwide economic downturn ensued.


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Great Depression: Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939.


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The Great Depression was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of 1929, which wiped out millions of investors, and lasted until 1939.