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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.
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.
Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
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)
In October 1929, the Wall Street Crash occurred and the Great Depression in the United States began. [124] Roosevelt saw the seriousness of the situation and established a state employment commission. He also became the first governor to publicly endorse the idea of unemployment insurance. [125]
The farm population had fallen 5%, but farm output was up 19% in 1939. Employment in private sector factories regained the levels reached in early 1929 and early 1937, but did not exceed them until the onset of World War II. Productivity steadily increased, and output in 1942 was well above the levels of both 1929 and 1937.
Unemployment rate in the U.S. 1910–60, with the years of the Great Depression (1929–39) highlighted; counts people with WPA & CCC jobs as "unemployed." With Roosevelt's influence on the wane following the failure of the Judicial Procedures Reform Bill of 1937, conservative Democrats joined with Republicans to block the implementation of ...