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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 term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [225] though Hoover is widely credited with popularizing the term, [225] [226] informally referring to the downturn as a depression, with such uses as "Economic ...
The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, [1] was a major American stock market crash that occurred in the autumn of 1929. It began in September, when share prices on the New York Stock Exchange (NYSE) collapsed, and ended in mid-November. The pivotal role of the 1920s' high-flying bull market ...
The Depression meant people had to get creative, making items that most of us would never think to craft ourselves. For instance, there was little money for toys, so kids played with box forts ...
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.
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 ...
Migrant Mother. Migrant Mother is a photograph taken in 1936 in Nipomo, California, by American photographer Dorothea Lange [1] during her time with the Resettlement Administration (later the Farm Security Administration). [2] The 28.3 by 21.8 cm (11 1/8 by 8 9/16 in) gelatin silver print depicts a mother anxiously gazing into the distance ...
The Silent Generation, also known as the Traditionalist Generation, is the Western demographic cohort following the Greatest Generation and preceding the baby boomers. The generation is generally defined as people born from 1928 to 1945. [1] By this definition and U.S. Census data, there were 23 million Silents in the United States as of 2019.