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Ohio was hit very hard by the Great Depression in the 1930s. In 1932, unemployment for the state reached 37.3%. By 1933, 40% of factory workers and 67% of construction labor were unemployed. [119] The voters supported Franklin D. Roosevelt in 1932, 1936, and 1940, with large margins in the cities.
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 not as bad as the Depression of 1920–1921. Economic forecasters throughout 1930 optimistically predicted an economic rebound come 1931, and felt vindicated by a stock market rally in the spring of 1930.
The Great Lakes Exposition (also known as the World Fair of 1936) was held in Cleveland, Ohio, in the summers of 1936 and 1937, along the Lake Erie shore north of downtown. [1] The fair commemorated the centennial of Cleveland's incorporation as a city. [ 2 ]
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, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H. The Great Depression: America in the 1930s. (2009) online; popular history. Wecter, Dixon. The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N.
America in the 1930s Extensive library of projects on America in the Great Depression from American Studies at the University of Virginia; The 1930s Timeline year by year timeline of events in science and technology, politics and society, culture and international events with embedded audio and video. AS@UVA
It's been more than two centuries since a total solar eclipse shrouded Ohio in temporal darkness on June 16, 1806. An event that sparked fear and awe.
Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate ...