Experts speak of the Great Economic Depression: What was it, and how did people at the time suffer?

The major depression was a major global and severe economic depression that spread throughout the 1930 ' s and that the initiative was held right in the United States.

In most countries, the Great Depression began in 1929 and lasted until the end of the '30 ' s, although in history books you learned 1929-1933.

The Great Depression began in the United States after a major decline in stock stocks prices around September 4, 1929, and spread as global news with the total decline in the stock market on October 29, 1929.

From 2929 to 1932, GDP had dropped by 15 percent, which compared to the world GDP in the 2008 Grand Depression was only 1 percent.

The Great Depression had devastating effects both on rich and poor countries. Personal income, tax revenues, benefits, and prices declined, while global trade was reduced by 50 percent. U.S. unemployment rose to 25 percent, while in some other countries as rich as 33 percent.

The causes of the Great Economic Depression are still very controversial, but most include the weak banking system, overproduction, and government policies.

Researchers have said that during the Great Depression, 50 percent of the children in the world had no adequate food or health care.

During the 1930 ' s, thousands of schools were operating at reduced times or completely closed. Nearly three million children had left school. It was during that time that the arrival of people on the streets became popular to sell apples, avoiding the shame of simple begging. In New York alone, 6 thousand apple dealers are reported.

It was during the years of the Great Depression that economist John Maynard Keney gained great popularity as he repeatedly advanced for government intervention in the economy and for changing government policies. /Periscope