Report on Analysis of Great Depression

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Added on 2020-04-07

Report on Analysis of Great Depression

Added on 2020-04-07

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Running head: ANALYSIS OF GREAT DEPRESSION ANALYSIS OF GREAT DEPRESSIONName of Student:Name of University:Author Note:

Report on Analysis of Great Depression_1

1ANALYSIS OF GREAT DEPRESSION TABLE OF CONTENTINTRODUCTION:..........................................................................................................................2DISCUSSION:.................................................................................................................................2TIME, PLACE & TYPE:.............................................................................................................2CAUSES:.....................................................................................................................................3OVERALL IMPACT:.................................................................................................................5POLICY MEASURE:..................................................................................................................5CONCLUSION................................................................................................................................6REFERNECE..................................................................................................................................7

Report on Analysis of Great Depression_2

2ANALYSIS OF GREAT DEPRESSION INTRODUCTION:As the economy interprets, a downturn in economic activity is a position of the businesscycle that shows downward trend in all of its activity and slowly enters into recession. Longercontinuation of recession gives birth to great economic recession or depression.In the history of the world economic crisis, the great depression marks out its hugeimportance due to the impression it had enunciated. It was longest depression to sustain and hadeven longer impact on the entire world affecting mostly developed nation of the world (Ayerbeet al. 2012).This report presents a brief summary of the facts regarding the great depressiondiscussing the causes, effects it had and the measures taken to deal with the impact emanatingfrom the recession.DISCUSSION:TIME, PLACE & TYPE:The exact inception and duration of the depression is controversial but according to thegeneral record, the great depression started in the year 1929 and continued till 1939 and somesources says it lasted until 1941 (Hansen 2015). The deepest and worldwide impact of the greatdepression in the 20th century is one of the striking example of extent of economic decline in thehistory of western industrialized world.The inception of the depression lies in the stock market crash arising in United States ofAmerica in October 1929. The stock prices faced a steep decline in its prices and generated the

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