Great Depression

The crisis began in the autumn of 1929. It is time to over-production and low purchasing power. Most serious is the crisis in the U.S... In 3 years of production in the U.S. fell by half. Motor vehicle production fell 12 times. Maybe 50 years is the fifth in the world capitalist crisis. In October 1930 "New York Times, he wrote:" the people are waiting, almost as always, waiting for the soup, the work ... knowing that tomorrow is waiting again. "At the beginning of 1933 was 17 miles. These people and their families were almost half of the U.S. ` s population. The crisis has also the farm, the price of agricultural production, suddenly fell. For farmers, it is better to burn corn than to sell it. During 1933 the U.S. government has begun the destruction of livestock and agricultural production, because they believe that this way the price increase.

The economic crisis has reached in England, France and Germany. In England, in 1931 unemployment was 3 million people. In France, the crisis lasted until the year 1936. The industry in Italy declined to 30%. German industry is loaded to 30-35% of their limits. At the beginning of 1933 the economic crisis was at its peak. Capitalist world crisis really started to slow, but in 1937 the U.S. began a new economic crisis.