As the name indicates the Great Depression is the severe economic depression ever found in the history. This Great economic Depression varies from country to country with a different in its timings. It is considered as the deepest, most widespread and the longest depression occurred in the 20th century. In some countries the depressions started prior to the World War II where as in other countries it is started in 1929 and lasted in the early 1940.

In the current 21st century The Great Depression is generally shown to represent how far the economic conditions of world can decline. The starting point of depression was United States beginning with a fall in prices of stock and later dispersed to the entire world resulting in the supply bazaar crash on Oct 29, 1929. This is called with the name black Tuesday. The economic depression was started around Sep 4 of 1929.

The Great Depression was a shocking experience in almost every country including both poor and rich. During this period the prices dropped and tax revenue exhausted to a great extent. The international trade was pus down by 50 percent and unemployment mark crossed 25 percent in United States.

In some other countries the rate of unemployment was about 33 percent. Most of the cities in the world that was related to heavy industry were hit to a maximum amount. Construction was stopped in most of the countries while farming suffered a lot as its prices fell below 60 percent. Other jobs related to mining such as logging, Mining and cropping experienced loss utmost. Several historians and stock market experts say that The Great Depression happened because of the stock market fall in the United States as most of other countries dependant on it. Several countries took nearly decade to come out of this great depression.