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It is true that the economies of nations evolve in cycles, and where there are highs, there are bound to be lows as well. This article will attempt to answer the question 'When was the Great Depression', which was a truly remarkable period in American history.

The effects of the Great Depression lingered on for many decades, and there are countless repercussions that arose as a direct result of this massive calamity. What is now described as a severe economic depression was much more than that in its time, and it affected most major nations all around the world.