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Great Depression

Great Depression

The Great Depression was a severe worldwide economic depression in the 1930s. The timing of the Great Depression varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. Worldwide GDP fell by 15% from 1929 to 1932. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The de...

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#7 of 111 The Most Important Historical Events of the 20th Century 70.8k votes Lots of things happened last century. Which are the most important?