THE GREAT DEPRESSION: The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from the stock market crash of 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.
The Great Depression
Encyclopædia Britannica, 5 Jan. 2021
New Deal
Encyclopædia Britannica, 25 Nov. 2019
The Great Depression
McCoy, Kelli. “The Great Depression.” Milestone Documents Online, Lincoln Library Press, 2020. FactCite, https://www.factcite.com/milestone/10014212.html. Accessed 20 Oct. 2022.
Timeline of the Great Depression and the New Deal
Hillstrom, Kevin. “Timeline of the Great Depression and the New Deal.” Defining Moments Online, Lincoln Library Press, 2014. FactCite, https://www.factcite.com/definingmoments/32918.html. Accessed 20 Oct. 2022.
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