Why is the '30s considered the worst decade for the economy?
- Walter BLv 73 weeks ago
a) The 1930's was when the "Great Depression" (1929-1939) occurred when Wall Street Stock Market collapsed due to overspending, overextending credit etc. Many people were unemployed around the world. In America Hoover and FDR created "national infrastructure projects" that eased the burden slightly while putting in place infrastructure for the future. It was really WW-2 and the increase in manufacture if war material that really brought the US out of the depression.
b) In other countries it was WW-2 or the preparation for WW-2 (in Germany), that improved the economy.
c) The previous major Depression was in the 1890's, and was not as severe.
d) Since the Great Depression of the 1930's, laws and practices have been put in place (or supposedly implemented) to minimize such events and that is why we only have "recessions" instead of depressions.
- PearlLv 73 weeks ago
cause of the depression we had back then
- mustagmeLv 73 weeks ago
Liberal policies prolonged the Great Depression by a decade.
- ThomasLv 43 weeks ago
The Great Depression occurred in the 1930s. The stock market crashed and many lived in poverty.
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- Mark IXLv 73 weeks ago
It might have something to do with the Great Depression.
- RoLv 73 weeks ago
Because the democrat president couldn't pull us out of the Great depression
- Anonymous3 weeks ago
The '30s is from 2030-2039, so it did not even happen yet. It is NOT the same as the 1930s (1930-1939) so your question is invalid.