The Great Depression

The Great Depression  was a huge economic disaster which went from 1929-1934, causing hardship all over Europe, the United States and in the overseas empires. There were decrease of prices; low production of goods and unemployment increased. In 1929 the USA, stopped lending money and asked for all the loan money back. In 1930 banks closed and firms went out of business. This was really noticed in the USA, three years later, as there were over 12 million people unemployed.