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The Great Depression was a period of severe global economic downturn that occurred from 1929 to 1939. It was characterised by high unemployment rates, crisies of liquidity, and widespread business failures around the world. [ 1 ] The economic contagion began around September 1929 in the United States, the largest economy in the world. [ 2 ]
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 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.
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.
Florence Owens Thompson. 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.
Photos of America during the Great Depression, much like the mood of the country, are often bleak, available only in black and white -- until now. Gorgeous color photos from the Great Depression ...
Depression cake is a type of cake that was commonly made during the Great Depression. The ingredients include little or no milk, sugar, butter, or eggs, because the ingredients were then either expensive or hard to obtain. Similar cakes are known as "War Cake", as they avoided ingredients that were scarce or were being conserved for the use of ...
Bulldog gravy was a Great Depression-era foodstuff associated with American coal miners, [1] [2] [3] which consists of a mixture of milk, flour and grease. [4] Contemporary recipes give the proportions as "1/4 cup drippings from frying sausage, bacon, chicken, or pork chops, mixed with 1/4 cup flour and 2 cups milk".
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