What Is A Financial Crisis? Here Are The 5 Worst Of All-Time

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No.1 The Great Depression

Photo Credit: Tony Fischer

The Great Depression that started in 1930 and lasted for over a decade is still considered today to be the worst and most dramatic financial crisis in modern history. More exactly, it started with a Wall Street-centric crash on October 29, 1929. An increase in the unemployment rate to 25% and a 50% drop in international trade were just two of the consequences of the Depression. The world started to recover only after the end of World War II.

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