The Great Depression Timeline is one of the major events that are worth remembering. However, what are the factors that made Great Depression a great event and started affecting the world, no matter how the economy of the country is; it is something to understand and analyze. There are ways in which the Great Depression of the year 1929 seemed to be incorrect because it wasn’t limited to that particular year in the American History. The Great Depression Timeline has major after effects that continued for years and people experienced the effects of this movement for decades. As a matter of fact, economists have ascertained that the Great Depression came to an end in the year 1941, which was the year when America entered the Second World War. Over all these years, there have been many economic tribulations in the world and several disturbances.

great depression timeline

Causes of the Great Depression Timeline

 The main cause of the Great Depression is not known to anyone. No one has been able to emphasize on the main reason that caused Great Depression. It has, however, been widely acknowledged that the Great Depression had many contributing factors behind its existence. The world economy works together with the principle that whatever goes around would come around. There are several upswings as well as downswings of the world’s economy. In fact, just a decade before Great Depression there was such instances of an economic upswing followed by a sudden contraction; this has become one of the characteristic elements of the economic conditions of this world and this is how it functions.

Nonetheless, the Depression has been credit to the economy and also the monetary policies occurring over a decade. The way a person expresses the causes of the Great Depression will usually vary based on the school of thought to which he/she belongs. The thought of the Keynesians will be different from that of the Monetarists. But the fact does not alter – it clearly states that the Great depression was caused due to various combinations of elements, which involved monetary and economic elements together.

Looking at the Great Depression Timeline of various events that have occurred over the years, it can be seen how these events fell into place, one by one, and affected the economy of a nation dramatically.

Great Depression Timeline (The History)

The year 1929 was remarkable in the history of the Great Depression when Herbert Hoover become the President of America. Within just one year of his reign, US faced the Black Tuesday on October 29. 1929 and the Stock Market crashed. Investors lost 16 billion dollars, which was a huge amount at that time.

In the year 1930, Gross National Products fell by 9.4%, which soared the unemployment rate by 8.7%over 6000 people were on the streets of New York City to make their living.

The condition went from bad to worse during the periods of 1929 to 1941 due to various reasons. It was only at the time of the Second World War when the nation experienced some solace and saw some hope of survival. The production went up by 50% during this Great Depression Timeline, and employment increased. This affected the overall Gross National product too.