The great depression was the deepest and lengthiest economic recession in the history of the industrialized nations of America and Europe that lasted from 1929 to 1939. The crash of the stock market that led to Wall Street wiping out many investors due to panic marked the beginning of the great depression in United States of America. Germany, however, had been plagued by structural unemployment during the 1920s. There were very sharp contractions of the German economy in 1929. The US economy rose again after 1933 but suffered yet another recession in 1937-38 while the German and many other European economies grew rapidly and managed to avoid the 1937-38 recession. This difference in the result of the recession and how the economic progressed suggests that the US and Germany used different approaches to addressing the recession. Economists, however, differ concerning the factors that brought the recession to an end across the spectrum. In the United States, these factors revolved around the fiscal and monetary policies while in Germany it was largely about a direct attack on unemployment.
