During the worldwide economic depression of the 1930s, industrial output, farm production, and employment fell dramatically due to Germany failing to repay loans to American banks causing an economic crash worldwide.
What is economic depression?
A period of dramatic and prolonged drop in economic activity is known as a "economic depression," which is often accompanied by negative gross domestic product growth, a significant increase in unemployment, poverty, and homelessness.
What is industrial output?
The term "industrial production" refers to the output of businesses engaged in manufacturing, electricity, gas, steam, and other energy-related activities.
This indicator expresses change in the volume of production output by a measurement of an index based on a reference period. The output that comes out as a result is called industrial output.
What is farm production?
The term "farm production", or agricultural production, refers to the raising of any farm animals, including farmed elk, whether or not those animals are to be sold commercially, as well as the raising of any growing grass or crop attached to the surface of the land, whether or not that grass or crop is to be sold commercially.
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