The Roaring Twenties and The Great Depression of 1929
Between 1929 and 1933.
It is one of the worst economic disasters of modern history.
A ‘great contraction’ in the US banking system has convincingly been blamed for the outbreak and course of the Great Depression.
TODO
- Many historians feel the U.S. was overheating in a way that resembles “economic bubbles” in the 1920s, aka “The Roaring Twenties” - leading to the meltdown of the Crash of 1929 and the subsequent Great Depression.
- https://www.investopedia.com/terms/s/stock-market-crash-1929.asp
- Federal Reserve History. “Stock Market Crash of 1929.” - https://www.federalreservehistory.org/essays/stock-market-crash-of-1929