The Great Depression of the 1930's

The great depression of the 1930s is probably the worst chapter in the American history. The economic downturn which was triggered during the collapse of stock markets in the year 1929, worsened further year after year and finally hit rock bottom by the end of the year 1933 and continued for several years till 1939. The economy stabilized only after the beginning of the World War II i.e. during the year 1941 1945. This was mainly attributed to the rise in demand for military goods as well as agricultural commodities.