The Great Depression
The term Great Depression is used to describe the global economic crisis that resulted from the Wall Street stock market crash of October 29, 1929. During this time of minimal investment and low levels of production, unemployment soared. Because many U.S. banks’ reserves were invested in the stock market, the resulting panic forced many to close their doors, taking their customers’ money with them. As a result of the collapse of the U.S. economy, investments abroad were pulled back and the European economy was also devastated. Despite massive government intervention in the years following the stock market crash, it was not until the rearmament preceding World War II that the U.S. economy began to fully recover. This section provides articles with information on the 1929 crash of stock market, unemployment during the Great Depression, causes and effects of the Great Depression, and overall life during the Great Depression.Is US headed for another great depression? Check info on current financial crisis and signs of economic depression.
Causes of The Great Depression
The Great Depression was the worst economic decline in the history of the United States, with a disastrous impact on the rest of the world. There are certain causes for this economic depression. Read on to know more about the causes of the Great Depression.
Effects of the Great Depression
The Great Depression was one of the major economic events in world history. Read on to find out the various effects of the Great Depression.
Federal Home Loan Mortgage - The Great Depression Era Success!
The federal home loan mortgage program has been around since the 1930s Great Depression era. The program has been a resounding success and continues to be so today. It's a great program for low to moderate level income home buyers.
IMF Says Us Crisis is 'largest Financial Shock Since Great Depression'
Fund says there is now a one-in-four chance of a full-blown global recession over the next 12 months
How to Protect Yourself in The Great Depression
The Great Depression How To Protect Yourself
Leading Lender Likens Us Credit Crisis to Great Depression
The US financial industry displayed fresh signs of distress from the credit crunch afflicting global money markets yesterday, with one mortgage provider describing lending conditions as the worst since the Great Depression of the 1930s.
The Crash of 1929
Claud Cockburn, writing for the "Times of London" from New-York, described the irrational exuberance that gripped the nation just prior to the Great Depression. As Europe wallowed in post-war malaise, America seemed to have discovered a new economy, the secret of uninterrupted growth and prosperity, the fount of transforming technology.
The federal home loan mortgage program has been around since the 1930s Great Depression era. The program has been a resounding success and continues to be so today. It's a great program for low to moderate level income home buyers.
IMF Says Us Crisis is 'largest Financial Shock Since Great Depression'
Fund says there is now a one-in-four chance of a full-blown global recession over the next 12 months
How to Protect Yourself in The Great Depression
The Great Depression How To Protect Yourself
Leading Lender Likens Us Credit Crisis to Great Depression
The US financial industry displayed fresh signs of distress from the credit crunch afflicting global money markets yesterday, with one mortgage provider describing lending conditions as the worst since the Great Depression of the 1930s.
The Crash of 1929
Claud Cockburn, writing for the "Times of London" from New-York, described the irrational exuberance that gripped the nation just prior to the Great Depression. As Europe wallowed in post-war malaise, America seemed to have discovered a new economy, the secret of uninterrupted growth and prosperity, the fount of transforming technology.