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History: The Great Depression, 1939-1943, United States

History: The Great Depression, 1939-1943, United States

The Great Depression had devastating effects in virtually every country, rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.
Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most.
Some economies started to recover by the mid-1930s; in many countries the negative effects of the Great Depression lasted until the start of World War II.

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Album name:World & Travel
Rating (1 votes):55555
Keywords:#history #great #depression #united #states
Filesize:87 KiB
Date added:Jul 30, 2010
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