🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Sameer Patel

Work and keep learni... • 1y

The Great Depression (1929-1939) The Great Depression (1929-1939) was a severe global economic crisis starting with the U.S. stock market crash on October 29, 1929, known as Black Tuesday. Over-speculation (risky investments) and excessive borrowing (large loans for stocks) led to inflated stock prices. When the market crashed, many couldn't repay their loans, causing widespread bank failures . This crash eroded consumer confidence , reducing spending and investment. The money supply contracted as banks failed, making credit scarce. The Smoot-Hawley Tariff Act (raised U.S. import taxes) worsened global trade, and severe droughts (prolonged dry periods) hit U.S. agriculture. Unemployment soared, and poverty spread. President Franklin D. Roosevelt's New Deal (government programs) aimed to provide relief (aid), recovery (economic revival), and reform (prevent future crises).

3 Replies
1
12
Replies (3)

More like this

Recommendations from Medial

Image Description
Image Description

LIKHITH

"You never know" • 1y

DID YOU KNOW ! The US stock market crash in October 1929 marked the beginning of the Great Depression, a decade-long economic downturn with profound effects on global economies. LIKE AND FOLLOW FOR MORE & DID YOU KNEW 'BOUT THIS?

14 Replies
1
9
Image Description

Rajan Paswan

LostBird :) • 1y

What If the USA Filed for Bankruptcy Today? If the United States declared bankruptcy today, the immediate effect would be catastrophic. The value of the U.S. dollar would plummet, triggering a global financial crisis. Banks worldwide would face inso

See More
3 Replies
5

Aditi

Will become a inspir... • 3m

What happening in the US ? Major U.S. retailers, including Rite Aid, Dollar Tree, Family Dollar, and CVS, have announced plans to close numerous store locations due to economic pressures such as inflation, rising labor costs, and the growth of e-co

See More
Reply
4

Suraj

CEO & Chairman • 1y

Excited to share my latest podcast : "From Crisis to Crypto: Lessons from the 2008 Crash for India's Future" 🎙️. In this swell podcast, we dive into the 2008 US market crash, exploring the challenges faced by individuals and how it sparked interest

See More
Reply
5
Image Description
Image Description

Aastha

🎋 • 4m

Yes, Just California alone - not the entire U.S According to the U.S. Bureau of Economic Analysis and IMF, California’s 2024 nominal GDP hit $4.1 trillion, overtaking Japan ($4.03T) and sitting just behind Germany ($4.66T). One U.S. state now gener

See More
14 Replies
3
33
Image Description

Rabbul Hussain

Pursuing CMA. Talks... • 7m

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans

See More
1 Reply
1
13
Image Description
Image Description

financialnews

Founder And CEO Of F... • 8m

"Manmohan Singh’s Landmark 1991 Budget Speech: The Dawn of a New India" Manmohan Singh’s Historic 1991 Budget Speech: A Turning Point in India’s Economic Journey On July 24, 1991, then Finance Minister Dr. Manmohan Singh delivered a landmark budget

See More
3 Replies
4
Image Description
Image Description

Jaswanth Jegan

 • 

Hexpertify • 8m

Do you Know that One in Three students from Higher Educational Institutes experience moderate to severe Stress levels ? The Union Finance Minister, Ms Nirmala Sitharaman, highlighted mental health in the Economic Survey of India for 2023-2024. The s

See More
12 Replies
14

Download the medial app to read full posts, comements and news.