Greatdepression, New York

On October 29, 1929, the collapse of the New York Stock Exchange triggered the Great Depression. In a few days, investors lost almost $30 billion. The country’s banks and companies went bankrupt, and a large proportion of Americans were soon unemployed. The United States authorities were careful not to intervene and hoped that the economy would recover after the fall. At the same time, the attempt to support domestic production has spread the recession around the world.