The great Depression

The great Depression

(The greatest Economic Fall Down)

Hello readers!!!
Today my sister was discussing with my parents about the great depression. At first, I was confused, but then as I continued listening, it seemed more and more interesting, so I researched a little bit on it. I thought that it would be an interesting thing to share with you all. It was a weird name, but it was a good topic. 

 In the year 1929, a severe economic loss happened which shook the world. There was a major fall in price in the US…the money income of the country at that time reduced to half of before!

It led to so much loss that it started to be called The Great Depression. It had devastating effects on US which gave a terrible impact on all the other countries. Not only the poor countries but also the rich ones. 

In this year, people started losing their job due to the increase in the price of goods. People started to have limited resources and there was despair everywhere. The poor could not get goods while the rich were bidding high prices for it.

This led to a crash in the market, and the condition became so awful, that on one day the news channels reported, 

“Today, there is no news.” They were unable to convey to the people what will happen and weather there was any hope left. Things started improving at the end of World War II by increasing the tax and reducing people’s spending. 

Such a depressing condition wasn’t it. Well, the best thing about reading history is that it helps us learn from it. This is it for today’s blog, hope you found it interesting!

#Stay Home #Stay Safe

 

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