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Recession
Unemployment jumps from 4% to 10%. GNP is -19% -
Financial Stocks Innovation
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Mild Recession
Many farmers move into cities (lasts until 1927) -
Begininng of Great Depression
Main cause was the Stock Market crash in October of that year. Many investors went into panic and many shares were sold. -
Roaring 1920's
GDP rises due to new inventions being made during the Roaring 1920's -
Lowest Point of Great Depression
Unemployment goes from 4 million people to 6 million people -
WWII Tensions Increase
Tensions increase in Germany which is significant because WWII is what eventually took the US out of The Great Depression