The Great Depression
Kevin Stewart
How it started
The great depression started with the stock market crash in 1929. Up until the late 1920's the U.S. economy was growing rapidly, which created a bubble in the stock market.
How long did it last?
the great depression last all through the 30's and even into the early 40's.
Events of the great depression
March 1930
More than 3.2 million are unemployed
November 1932
Franklin Roosevelt is elected president
April 1938
FDR asks Congress to authorize $3.75 billion in federal spending to stimulate the sagging economy. Economic indicators respond favorably over the next few months. Still, unemployment will remain high and is predicted to stay that way for some time.
When did it end?
The start of World War 2
The end of the great depression wasn't on purpose, most people say it ended because of the start of World War 2. At the beginning of World War 2 the economy was stimulated because there was a demand for new industries to fuel the war.