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Q.

The Great Depression began in ____.


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Detailed Solution

The Great Depression began in 1929. The American stock market crash in October 1929 marked the beginning of the Great Depression. On October 24, 1929, the stock market crashed, becoming known as "Black Thursday" in American history. Fear gripped Wall Street investors in the aftermath of the stock market crash, forcing the market to lose approximately $30 billion. As a result, other major financial institutions, such as banks, failed. The Great Depression is often recognised as the most severe and prolonged economic downturn in modern history.
 
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