The Great Depression of 1929 | Deepest Recession - why it started & how long lasted | Groww Digest

The Deepest Recession - why it started & how long lasted - Groww Digest 7th Nov

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On Oct 24, 1929, the US stock markets fell 11% in one single day.

Matters eased the next day.

But soon, much bigger falls occurred.

From the peak reached on Oct 24, 1929, which came to be known as Black Thursday, the markets eventually went on the fall 90%.

A recession - sure.

It was a recession so deep, nobody in modern history had seen anything like it before - or has ever since.

This was worse than the pandemic-induced crisis we saw in 2020; worse than the Great Recession of 2008, worse than the Dotcom bubble of 2000; worse than anything before that too.

This was the Great Depression.

Read the full edition here: https://groww.in/digest/weekly

00:00 Introduction
04:20 Reasons behind Great Depression
05:37 Recovery
07:29 Conclusion

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