The Great Depression – 1929 Stock Market Crash
A BBC documentary on the crash of 1929, the worst economic depression in the history of the world, lasting ten years from the stock market crash of 1929 to 1939. The Great Depression caused drastic declines in output, severe unemployment, and deflation. Economists and historians often cite the Great Depression as the most catastrophic economic event of the 20th century. It was just after a time known as The Roaring Twenties, an era when the American public discovered the stock market and the ability to invest on margin (borrowed money).
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