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After the start of the worldwide Depression in 1929, economies across the globe experienced severe contractions, leading to widespread unemployment, business failures, and a significant decline in consumer spending. Governments implemented various measures to combat the crisis, including public works programs and social safety nets, with varying degrees of success. The Depression also led to political instability in many countries, contributing to the rise of extremist movements and significant social unrest. Ultimately, the economic turmoil persisted throughout the 1930s until the onset of World War II, which stimulated industrial production and job creation.

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