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What year was the great depression?

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What year was the great depression?

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The great deprssion was set off by the stock market crash of 1929. People got scared and started pulling their money out of the banks all at once, which caused the banks to “fail.” There wasn’t enough money on hand to go around. (That’s why banks are now FDIC insured. It’s our guarantee we won’t lose our money if that should happen again.) By 1930, it was a full-blown epidemic. It lasted until 1941, when the US was drug into the second world war. Usually, a war is a sure cure for an ailing economy. This time around we haven’t even managed to get that right! I don’t know what is wrong with this country, but there’s the answer to your question. The Great Depression was from 1930 (or 1929, depending on whom you ask) until 1941. An entire decade +.

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The Great Depression (also known in the U.K. as the Great Slump) began in some countries as early as 1928.

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The Great Depression began in 1929 with the Stock Market crash, and ended in 1941 with World War II.

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