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Causes And Effects Of The Great Recession

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One of the most harmful and horrific events to ever occur against our economy was known as The Great Depression. A more recently previous downfall was called The Great Recession. The Great Depression lasted from the year 1929 to 1939, which made this our longest-lasting economic drop in history. This began after a stock market crash in exactly October 1929, which caused an alarm and completely wiped out millions of investors involved. Just by over the next few years, 13 to 15 million people were unemployed and companies started to go downhill; even nearly half of America's banks had failed! Luckily, every problem always have a solution; that's when our President Franklin D. Roosevelt stepped up to the plate and helped our economy to discontinue

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