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The Great Depression is one of the degrading events in the world history that took place in the year 1929 and lasted until the beginning of the World War II.
The Great Depression, a global economic crisis event that took place just before the beginning of the World War II. The stock market crashed nearly 80% on the Black Tuesday that marks the beginning of this event.
Furthermore, the global GDP, which was fairly not unstable before this event, declined for more than 26% throughout the entirety of The Great Depression.
Similar conditions were experienced in the employment rates, as only three-fourth of the population was under employment during the middle of this event.
Hence, it can be stated that the effects of the Great Depression are as aforementioned.
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