9# The Great Depression of 1929
A period that’s similar to the modern recession, it marked an end to the huge economic surge that America had witnessed. The crashing of stock market caused widespread panic not only in all of the US but also some eastern countries as well. Crime rates surged during this time and many people had either decided to give up their lives or start begging for livelihood.
Worldwide GDP fell by 15%, 1929-32. In the 21st century. The depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 also known as Black Tuesday.