As we all know that the great depression was a crisis which affected not only the Unites States of America but all the countries of the world, though it originated in America. If you look at the great depression facts you will know that though the market crash on the 29th October 1929 triggered this situation, this problem was building up for at least 6 months before that date. The market crash on the ‘black Tuesday’ was the result and not cause of the depression. The market crashed because it was not able to cope up with the problems and issues in the economic system of the country. Though it is not possible to list all the reasons and the contributing factors for this depression, many economists have talked about following reasons which may have caused or influenced this economic crisis.

Though there are different opinions of many people, we can conclude at a few points which were possibly responsible for the problem which affected the whole world. Some people think that the weak banking system in the country was responsible for this economy crash as they invested more than the capacity in the schemes or projects which ultimately resulted in to this situation. Whereas some people blame the authorities controlling the monetary matters of the country who made big mistakes while making the economic policies for the country.

Some people think that over production in the various industries in the country resulted in the cash crunch and it ultimately lead to the economy failure. If we go through the great depression facts we can see that this failure of the economic stability could also be due to the deflation and the many debts of the country which finally took their toll. There is another reason which is inflation of money which affected the price of assets as their price and the price of the capital goods was increased. Whatever the reasons and the influencing factors we have to admit that this crisis broke the very back bone of the economic system in not only the United States of America but many other countries of the world. President Roosevelt was very much responsible for the recovery of the United States as he tried many programs so that the common people can have jobs and food and shelters over their head. Various relief work programs played a crucial part in making the employment available to the youth of the country that is people between the 18 years to 25 years of age. The Empire State Building and The Golden Gate Bridge was built up through this program only.  With such initiatives from the government, the country started recovering from this situation slowly but steadily.

“When was the Great Depression?” is a common question when it comes to the darkest period in America’s history.

The Great Depression started on October 29th, 1929, otherwise known as Black Friday, the day when the Stock Market crashed. It lasted until the late 1930s or early 1940s as WWII was starting because the increased production for the war seemed to pull the United States out of it’s industrial slump.

The Great Depression wasn’t just one a few months or a year, but rather almost a decade while unemployment went up 607% and virtually everything became worthless. It was the darkest time in America’s history and nothing like it has ever happened before or since.

To get a more specific answer to the question, “When was the Great Depression” check out the following page about the Great Depression Timeline.