The Great Depression
About the Great Depression
The Great Depression all began with the stock market crash on October 27, 1929. Most people started to think that this crash was only an incident on Wall Street, but it quickly worsened. By the time of 1933, unemployment had risen to 15 milion. During the Great Depresion, suicide rate increased from 14 to 17 per 100,000. Everyone in the United States were somehow affected by the Great Depression.
- October 1929; On this date, the stock market crashes. This begins the Great Depression.
- March 1930; More than 3.2 million people become unemployed.
- December 1941; The Great Depression ends.
Franklin D Roosevelt
Franklin D Roosevelt played a very important part in the Great Depression. Although the average American suffered from loss, President Roosevelt helped them regain their freedom, strength, and faith that the Depression would soon end. One of his famous quotes was "the only thing we have to fear, is fear itself", which gave the Americans hope to work hard and persevere through their struggles. In his first 150 days of his presidency, all banks were closed and more than 13,000,000 people were unemployed. Because of this deficit, he proposed a sweeping program to bring recovery to business and agriculture. If it wasn't for President Roosevelt's great leadership, Americans might have been in a huge deficit to this day.
"The Great Depression." PBS. PBS, n.d. Web. 14 Jan. 2014.
"Franklin D. Roosevelt." The White House. The White House, n.d. Web. 14 Jan. 2014.