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Great Depression - The 1932 situation

Time: 1932

Place: U.S.

Details: Unemployment rises to 23%, GDP growth is -13%, annual inflation rate is -11%, 1,700 banks fail. US nominal GDP falls to $60 billion. Over 13 million in the U.S. are unemployed and 3.5 million in the U.K.

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Near

Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-First major round of U.S. bank failures
Dec, 1930 - U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Minor recession begins
Aug, 1929 - U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Mini-stock market crash occurs
Monday Mar 25, 1929 - U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Federal Reserve begins lowering the discount rate
Friday Nov 1, 1929 - Eccles Building, Washington D.C., U.S.
Crowd at New York's American Union Bank during a bank run early in the Great Depression
Great Depression-Federal Reserve's federal funds rate reaches 2%
Dec, 1930 - Eccles Building, Washington, D.C., U.S.

1932

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