The+Great+Depressionbfletch

The Great Depression was an economic slump in North America. It began in 1929 and lasted until about 1939 It was the longest and most severe depression ever experienced by the industrialized Western world.Though the U.S. economy had gone into depression six months earlier, the Great Depression may be said to have begun with a catastrophic collapse of stock-market prices on the New York Stock Exchange in October 1929. During the next three years stock prices in the United States continued to fall, until by late 1932 they had dropped to only about 20 percent of their value in 1929. The banks got hit the hardest by this depression. Everyone want to take money out at the same time, but the bank didnt have their money.