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US annual real GDP from 1910 to 1960, with the years of the Great Depression (1929–1939) highlighted Unemployment rate in the US 1910–60, with the years of the Great Depression (1929–39) highlighted; accurate data begins in 1939, represented by a blue line. The Depression caused major political changes in America.
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around the world.
The Great Depression: An International Disaster of Perverse Economic Policies (1998) Kaiser, David E. Economic Diplomacy and the Origins of the Second World War: Germany, Britain, France and Eastern Europe, 1930–1939 (1980) Kindleberger, Charles P. The World in Depression, 1929–1939 (1983); Tipton, F. and R. Aldrich.
Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992. Feinstein. Charles H. The European Economy between the Wars (1997) Garraty, John A. The Great Depression: An Inquiry into the causes, course, and Consequences of the Worldwide Depression of the Nineteen-Thirties, as Seen by Contemporaries and in Light of History (1986)
That's where America finds itself on the 80th anniversary of the Great Depression -- reacting to With the news that another devastating economic implosion may be nearing its end.
December 3 – Great Depression: U.S. President Herbert Hoover announces to the U.S. Congress that the worst effects of the recent stock market crash are behind the nation, and that the American people have regained faith in the economy.
The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was substantially lower than the 25% rate seen in 1933.
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