History and Great Depression Impact Experienced United States Great depression is the event of the fall of New York's worst stock exchange, stocks dropped by 85% lasted 10 years, namely from 1929-1939 this was caused by World War 2 which forced Americans to buy war equipment, weapons, and others. In 1929, over the next several years, consumer spending and investment declined, causing a sharp decline in industrial and employment output as companies that failed to fire workers. In 1933, when the Great Depression reached its lowest point, around 15 million Americans were unemployed and nearly half of the country's banks failed. 10 years of American government have fallen and many Americans who are forced to buy on credit fall into debt, and the number of foreclosures and withdrawals continues to increase. Global compliance with the gold standard, which joins countries around the world in fixed currency exchange, helps spread the economic woes of the United States around the wor...