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April 18, 2012

The Great Depression

The Great Depression

Great Depression or malaise era is an event of economic decline-rate dramatically-throughout the world that began in 1929. Depression began with the events of Black Tuesday, the events of the fall of the New York Stock Exchange on October 24 and reach the top terparahnya on October 29, 1929. Depression is devastating the economies of both industrialized and developing countries. Drastically reduced the volume of international trade, as well as personal income, tax revenues, prices, and profits.

Major cities around the world took a beating, especially the city whose income depended on heavy industry. Activity stalled building developments. Rural areas which are of agricultural products are also not spared affected because the price of agricultural products fell 40 to 60 percent. [1] Similarly, the other primary sectors such as mining and forestry.

Between 1939 and 1944, many people get jobs back as World War II, and besarpun Depression ended.
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