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By 1933 when the Great Depression reached its nadir, some 13 to 15 million Americans were unemployed and nearly half of the country's banks had failed.Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
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The stock market crash of 1929, usually cited as the beginning of the Great Depression, was preceded by the Roaring '20s, a period when the American public discovered the stock market and dove in head first. The crash wiped out many people's investments and the public was understandably shaken. When bank failures erased the savings of those who weren't even invested in the stock market, people were shattered. Although the market crash was unavoidable, the bank failures could have been prevented
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Great Depression Leads to a New Deal for the American People. On March 4, 1933, at the height of the Great Depression, Franklin Roosevelt delivered his first inaugural address before 100,000 people on Washington's Capitol Plaza.
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“The New Deal” was the program on which Franklin D. Roosevelt was elected President of the United States in 1933 – to reduce unemployment, introduce welfare for the poor and deal with the devastation of the Great Depression and its causes, and in doing so vastly increase the extent of government intervention in the Revolution
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The two dates most often mentioned as "the beginning of World War II" are July 7, 1937, when the "Marco Polo Bridge Incident" led to a prolonged war between Japan and China, and September 1, 1939, when Germany invaded Poland, which led Britain and France to declare war on Hitler's Nazi state in retaliation.
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The two dates most often mentioned as "the beginning of World War II" are July 7, 1937, when the "Marco Polo Bridge Incident" led to a prolonged war between Japan and China, and September 1, 1939, when Germany invaded Poland, which led Britain and France to declare war on Hitler's Nazi state in retaliation.
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Great Depression
The Great Depression was a severe worldwide economic depression that took place during the 1930s. The timing of the Great Depression varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. October 29, 1929 – 1939 -
World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945, although related conflicts began earlier.
Period: September 1, 1939 – September 2, 1945 -
The Stock Market Crash of 1929. The American economy entered an ordinary recession during the summer of 1929, as consumer spending dropped and unsold goods began to pile up, slowing production.
