The Great Depression: A Deep Dive into Its Origins
The Great Depression, one of the most catastrophic economic events in modern history, profoundly shaped the global landscape. Spanning the 1930s, it caused unprecedented economic hardship, leading to widespread unemployment, poverty, and a significant shift in economic policies. Understanding how this economic downturn came about requires delving into a complex interplay of factors, both within the United States and internationally. 1. The Roaring Twenties: Prelude to a Crash The 1920s, often referred to as the "Roaring Twenties," was a period of significant economic prosperity and cultural change in the United States. The stock market boomed, and consumer confidence was high. Technological advancements, such as the automobile and radio, fueled consumer spending and investment. However, beneath this veneer of prosperity lay serious economic weaknesses: - Speculative Investments...