By 1992 the list of participating countries had grown to 140, and the timetable for ending production of CFCs advanced to 1996. This goal has largely been met. HCFCs pose less of a risk than CFCs because they decompose more readily in the lower atmosphere; nevertheless, they too degrade the ozone layer and are scheduled to be phased out by 2030.
From the end of 1984 until the eve of the Great Recession at the end of 2007, real personal consumption grew almost 37% more than the other components of real GDP. To a large extent, the secular growth of demand depended on the reliable rise in the spending of American households.
The Great Depression was the great economic crisis that started after the U.S. stock market crash in 1929. The prices on the Wall Street stock market fell a lot from October 24 to October 29, 1929. Many people lost their jobs. By 1932, 25â30% of people lost their jobs. They became homeless and poor. This ended the wealth of the Roaring Twenties. Many people think that the Great Depression started on Tuesday, October 29, but economists think Black Tuesday was just one of the causes.