Describe and analyze the experience of the great depression between the industrial nations and the primary producing nations. What parts of the world were most affected and what parts were least affected?

Question

Fancy

Social Studies

14 July, 10:50

Describe and analyze the experience of the great depression between the industrial nations and the primary producing nations. What parts of the world were most affected and what parts were least affected?

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Orlando Lyons · Answer 1

It was felt the most in the US and Europe, and it was mildly felt in Japan and Latin America areas.

Explanation:

The great depression that took place between 1929 to 1939, was seen by many to be the worst economic issue in the history of the industrialized society. The whole issue began in October of 1929, when the stock market crashed, sending wall street into panic with the subsequent removal of millions of investors.

It started in the United States of America and output declines were seen in different areas, followed by severe unemployment and deflation in almost every country. It was felt the most in the US and Europe, and it was mildly felt in Japan and Latin America areas.