The Great Depression

Question

Quizplus · Accepted Answer

The Great Depression was a period of low production and high unemployment that lasted from 1929 to 1939. It was a global economic crisis, not just limited to Canada and the United States, and it was not simply a mass psychological reaction to the "roaring twenties." The depression did not end a few months after the stock market crash, and while it did lead to advancements in economic theory, it did not directly result in the development of microeconomics.