The Great Depression
When it all began
The Great Depression was said to have started in the United States but soonly spread out to North America, Europe, and other areas of the world in 1929 and lasted until 1939. People said that it started thanks to a catastrophic collapse of stock-market prices on the New York Stock exchange.
A Slight Turn Around
An economic distress led to a presedential win for a Democrat by the name of Franklin D. Roosevelt in 1932. After the election, Roosevelt made a number of changes in the American economy, he used the increased goverment regulation as also as massive public-works projects to push for a recovery. But all that effort really did'nt help much because soon they where back at square one.
Pictures Of The Great Depression
In 1929, on October 29, the stock market took a huge plunge, makeing it the start of The Great Depression, symbolizing the day know known as Black Teusday.
The Highest Point
At the highest point in The Great Depression, the unemployment rate reached a total of 25% in 1933.
Dust Bowl Affects
The Dust Bowl led to a widespred of migration, with over 200,000 people that moved to California with hardly any money and no place to live.
The Federal Deposit Insurance Corporation (FDIC) was created in 1934, mainly to ensure bank deposits and restore the American peoples confidence in banking.
Many people today belive that the start of World War II and the goverment spendings on WWII are the reason for the recovery from The Great Depression. The US' entry into war in 1941finnaly took the last effects of The Great Depression and brought the United States unemployment rate bellow to 10%. Basically ending the Depression.