Moreover is defined as besides, also or in addition to what has been said. An example of moreover is a parent telling their teenager that, in addition to them coming home late, they also didn't do their chores. in addition to what has been said; besides; further; also: used with conjunctive force.
The depression originated in the United States, after a fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide GDP fell by an estimated 15%.
In Depression, War, and Cold War, Robert Higgs divides the Great Depression into three phases. The Great Contraction occurred during the Hoover years and went from 1929 to 1933. During this period private investment fell by about 84 percent. This set the stage for the Great Duration, 1933â1945.