This Small Project Was Done In 9th Grade English
It was the longest and most severe depression ever experienced by the industrialized Western world.
Virtually every industrialized country endured declines in wholesale prices of 30 percent or more.
The fundamental cause of the Great Depression in the United States was a decline in spending which led to a decline in production as manufacturers and merchandisers noticed an unintended rise in inventories.
As much as one-fourth of the labour force in industrialized countries was unable to find work in the early 1930s.
Between the peak and the trough of the downturn, industrial production in the United States declined 47 percent.