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One social consequence of the Great Depression was that there was a notable increase in the birthrate in families of unemployed men. Contrary to popular belief, the Great Depression didn't originate in the United States. It started with the economic collapse of Great Britain, which then caused the American stock market to crash.
[An updated version of this article can be found at Great Depression in the 2nd edition.] The Great Depression of the thirties remains the most important economic event in American history. It caused enormous hardship for tens of millions of people and the failure of a large fraction of the nation's banks, businesses, and farms.