Event Page

The Great Depression

(1929—1940)

Overproduction, over-speculation, and isolationist policies caused the greatest economic depression in United States history. Beginning with the stock market crash, America awoke from the prosperous twenties and faced a bleak decade of hopelessness and poverty. The Depression resulted in the emergence of Franklin D. Roosevelt, a leader who would bring America a New Deal and lead her through World War II. The 1930s was a time of despair, yet the decade brought forth a stronger, more committed United States of America.

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Pictures & Records (8)

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nybankrun.jpg
nybankrun.jpg
Crowd at New York's American Union Bank during a bank run early in the Great Depression. The Bank opened in 1917 and went out of business on June 30, 1931. From: http://www.ssa.gov/history/bank.html
2_great_depression.jpg
2_great_depression.jpg
Agency : WPA; Credits : John E. Allen, Inc.; Owner : FDRL; Medium : B&W Photo; Control Number : Photographs (General): Depression, Unemployment; http://newdeal.feri.org/images/ab32.jpg
family.jpg
family.jpg
One of the series of photos by Dorothea Lange of pea-pickers in California. Source:http://historyscoop.files.wordpress.com/2008/02/migrantmother.jpg
Dust_Bowl_-_Dallas,_South_Dakota_1936.jpg
Dust_Bowl_-_Dallas,_South_Dakota_1936.jpg
Dallas, South Dakota; May 13, 1936 Buried machinery in barn lot during the Dust Bowl, an agricultural, ecological, and economic disaster in the Great Plains region of North America. USDA photo by Sloan, Image Number: 00di0971
breadline.jpg
breadline.jpg
Breadline in New York City during the Great Depression. [Credits : Encyclopædia Britannica, Inc.]http://media-2.web.britannica.com/eb-media/14/95714-004-FEADEDA8.jpg
Apple Seller.jpg
Apple Seller.jpg
Man selling apples during the Great Depression. [Credits : Encyclopædia Britannica, Inc.]http://media-2.web.britannica.com/eb-media/13/95713-004-07EFBC48.jpg
bonusmarchers.jpg
bonusmarchers.jpg
Bonus Marchers being attacked in Washington, D.C.
Migrant Mother photograph by Dorothea Lange
Migrant Mother photograph by Dorothea Lange
Dorothea Lange's photo of Florence Owens Thompson and some of her children became one of the most iconic photos of the Great Depression.

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Bank Runs

nybankrun.jpg

After the stock market crash on Black Tuesday, October 29, 1929, frightened depositors rushed to banks to claim their savings. These “bank runs” actually accelerated bank closures across the country. For every bank that closed, hundreds of people lost their life savings. This photo of a bank run in New York displays the public panic the stock market crash created. In response, many banks across the country set up regulations for how much an individual could withdraw per day. Banks tried to stay afloat, and with President Roosevelt’s “Bank Holiday” on March 6, 1933, banks were able to finally start recovering from the damages of the Great Crash. Restoring confidence in the American banking system became Roosevelt’s first priority in his plan to fix the economic depression of the 1930s.

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Event Details

Edit
Date:
From: 29 Oct 1929 1
To: 1939 1
Event:
Name: The Great Depression 1
By now Stockholders had lost $40 billion dollars:
December 1940 1
Depression ends, WWII begins:
01 Sep 1939 1
Dust Bowl:
31 Dec 1969 1
Dust Bowl:
Oklahoma 1
Dust Bowl:
Kansas 1
Dust Bowl:
Nebraska 1
Highest unemployment rate of 25%:
1933 1
New Deal begins:
March 1933 1
New Deal begins:
Washington, DC 1
Stock Market Crashes, Black Tuesday:
29 Oct 1929 1
Stock Market Crashes, Black Tuesday:
New York, New York 1
16,410,030:
Number of shares of stock sold on Black Tuesday 2
Number of Banks that closed:
Over 5,000 2
Unemployment Rates:
Average: Around 15% 2
Highest: In 1933 it topped 25% 2

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