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Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a [[depression]] simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37. <ref>Harry Schultz, ''Bear Market Investment Strategies'', Dow Jones-Irwin Co., 2002.</ref>
Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a [[depression]] simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37. <ref>Harry Schultz, ''Bear Market Investment Strategies'', Dow Jones-Irwin Co., 2002.</ref>
==See Also==
* [[Stock market crash of 1929]]
* [[Great Depression]]: [[Depression]]
* [[Financial Crisis of 2008]]
* [[Recession of 2008]]: [[Recession]]
* [[American Recovery and Reinvestment Act of 2009]]
* [[Panic of 1907]]
* [[Panic of 1893]]
* [[Panic of 1837]]
* [[Financial crisis]]
* [[Economic collapse]]
* [[National debt]]: [[Federal Reserve System]]'s [[Ponzi scheme]]
* [[John Maynard Keynes]]' [[liberal]] [[Keynesian economics]] versus [[conservative]] [[libertarian]] [[Austrian economics]]
==References==
==References==