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Great Depression
Abstract
The global economic crisis in 1929 is known among economists as the most important crisis in world history. With the loss of value in the New York Stock Market on October 24, 1929, the whole world was pooled into one of the greatest depressions in history. Because of the crisis, global stock markets entered the process of depreciation, bankruptcies occurred in banks, and rapid decreases occurred in total consumption and investments. In this period, which is known as the biggest economic crisis in the world, people had difficulty in finding food and clothing, and because of this reason, they had to find their own saving methods. Millions of people were unemployed, even those who lived in wealth and had higher education fought with hunger in the streets, and hundreds of suicides took place. The year 1929, comprising one of the most difficult periods in world history, and the years following it constitute an important place in the dark memories of almost each country.
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