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According to Christina D. Romer at www. Britannica.

com, Great depression was


experienced by the industrialized countries and downturns the economic
development. This depression started 1929 and lasted until about 1939. Even in the
high-class countries like United States, Europe, the middle class like Japan and
Latin America are still affected by the changes and downturns of the economy.

Great Depression experienced by the several countries causes panic to the


investors, people and to the economic development of each country. It causes
drastic declines of the output products, unemployment, banking panic and deflation
that can affect to the everyday lives of the people.

In conclusion, during the great depression, countries affected by this downturn are
stress and panic on how to make a solution to build and arise their economy.
People are unemployed because of the investors and industries dropping outs.

https://www.britannica.com/event/Great-Depression

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