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The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [ 1] The economic contagion began around September 1929 ...
In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic ...
The initial economic collapse which resulted in the Great Depression can be divided into two parts: 1929 to mid-1931, and then mid-1931 to 1933. The initial decline lasted from mid-1929 to mid-1931. During this time, most people believed that the decline was merely a bad recession, worse than the recessions that occurred in 1923 and 1927, but ...
Show comments. The lessons of the generation that weathered the Great Depression include self-sufficiency, frugality, and improvisation. See how to tap those notions today.
Recorded December 8, 1941. Franklin Delano Roosevelt[ a] (January 30, 1882 – April 12, 1945), commonly known by his initials FDR, was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945. The longest serving U.S. president, he is the only president to have served more than two terms.
Imagine today's government backing a program to document the plight of modern day farmers. Many might malign such use of resources, or the value of the endeavor. But, that's exactly what the Farm ...
The Great Depression in a monetary view. In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply.
Florence Owens Thompson (born Florence Leona Christie; September 1, 1903 – September 16, 1983) was an American woman who was the subject of Dorothea Lange's photograph Migrant Mother (1936), considered an iconic image of the Great Depression. The Library of Congress titled the image: "Destitute pea pickers in California. Mother of seven children.
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