"The Great Depression"

By Matthew Cartwright

The Great Depression represents one of the darkest periods in American economic history. Most people think the Great Depression started in October 1929, with the famous stock market crash, but economists and historians point to an economic downturn which took hold in early 1929. The stock market crash led to unprecedented run on banks, and by 1933, more than 11,000 of the nation’s 25,000 banks had failed.

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