probably the best known economic catastrophe in the last century the great depression was a lengthy period of economic decline that followed in the wake of the stock market crash of 1929 this depression was felt worlwide as international trade collapse and deflation soared it took 25years for the stock market to recover in later 1989 america's saving and loan institution originally created to provide mortgage loans to institution originally created to provide mortgage loans to potential homeowne
Answer (1)
The Great Depression was a severe global economic crisis that began after the U.S. stock market crash in 1929. It led to massive unemployment, deflation, and a collapse in international trade. The effects were felt worldwide, and it took about 25 years for the U.S. stock market to fully recover.In 1989, the U.S. faced another financial issue involving savings and loan institutions (S&Ls), which were originally meant to help people get home loans. Many of these institutions failed due to risky investments and poor regulation, leading to a major bailout by the government.
