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In a nutshell: the Great Depression

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https://www.historyextra.com/period/20th-century/in-a-nutshell-the-great-depression/

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In a nutshell: the Great Depression
What was the Great Depression, why did it happen, and how long did it last? BBC History Revealed explores the decade-long economic downturn that began in the US in the aftermath of the Wall Street Crash and spread around the world

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The Great Depression

The Great Depression

.. was a devastating economic collapse which started in the US in 1929, lasting a decade. Europe was already struggling post the WWI recession, while the US was thriving. As borrowings and stoc...

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Wall Street Down

On 29th October 1929, the infamous crash of Wall Street happened, where 30 million dollars were lost in a week, leading to customers rushing to withdraw their money, known as the ‘bank run’.

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A New Deal

In 1933, then-President Franklin Roosevelt promoted his recovery path of Relief, Recovery and Reform, to give shape to the slow and arduous reform process that will take decades.

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The Great Depression in Pop Culture

Two great novels of the Great Depression were Of Mice and Men and The Grapes of Wrath, written by American novelist John Steinbeck. A famous song, Brother, Can you Spare A Dim...

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The United Kingdom And The Great Depression

Already struggling with four years of war, Britain was trying to recover when the crash occurred, and reeled in it for a decade, only to participate in another expensive and deadly World War: WW II...

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Germany And France

Germany had already been in the previous World War and the Great Depression led to its banking systems to collapse in 1931. It also gave rise to the radicalized politics of Adolf Hitler.

Fr...

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What led to the Great Depression

While the USA proved to be by far superior to Europe both financially and industrially, after having got its independence, it did know a huge economic crisis in 1929, through the crash of the Wall ...

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The Great Depression and its specificity

What made the Great Depression so different from other crises was the fact that in the very same period when the Wall Street stock market fell, farmers also started having big issues with their har...

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Al Capone and the Great Depression

Chicago gangster Al Capone opened a soup kitchen and, therefore, succeeded in feeding millions of people.

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  • In Europe, The north of Italy, which is the main tourist hub, is seeing a collapse in economic activity, along with Germany, which is falling at a steeper rate than the United States. Even countries like Japan, which are not hit that hard, are about to witness an apocalyptic fall.
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Adopting new views 

One of the interesting parts of the Great Depressions from history is not just how the economy collapsed, but how quickly and dramatically people’s views changed when it did.

People suffering from immediate, unexpected adversity are likely to adopt views they previously thought absurd. It’s not until your life is in full chaos (with your hopes and dreams your dreams unsure) that people begin taking ideas they’d never consider before seriously.

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