The great depression

’’ The Great Depression’’ The Great Depression was the worst economic downturn in the history of the industrialized world, in the 1920s. The federal income tax rate had been increased to pay for World War I, as high as 60 percent for the wealthy. A lot of civilians lost their money when that bubble collapsed. It really took the lead after the stock market crash of October 1929. Over the next several years, consumer spending and investment dropped, causing problem for industrial output and employment as a lot of companies failed, leaving at lot of people unemployed. By 1933, when