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The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was substantially lower than the 25% rate seen in 1933.
Dancing in the Dark: A Cultural History of the Great Depression (2009) excerpt and text search; Field, Alexander J. A Great Leap Forward: 1930s Depression and U.S. Economic Growth (Yale University Press; 2011) 387 pages; argues that technological innovations in the 1930s laid the foundation for economic success in World War II and postwar
The Great Depression was the worst economic crisis in US history. More than 15 million Americans were left jobless and unemployment reached 25%. 25 vintage photos show how desperate and desolate ...
The First New Deal (1933–1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.The Federal Emergency Relief Administration (FERA) provided US$500 million (equivalent to $11.8 billion in 2023) for relief operations by states and cities, and the short-lived CWA gave locals money to operate make-work projects from 1933 to 1934. [2]
For instance, during the Great Depression, America experienced significant unemployment, leading to widespread poverty and hardship. For several months in 1933, the U.S. unemployment rate exceeded ...
The lessons of the generation that weathered the Great Depression include self-sufficiency, frugality, and improvisation. ... a surprising number of lessons from the hardships of the 1930s endure ...
Labor in America: A history (7th ed. 2017). online 6th edition; Dubofsky, Melvyn, and Warren R. Van Tine. John L. Lewis : a biography (1986) online; Duffy, Susan. American labor on stage: dramatic interpretations of the steel and textile industries in the 1930s (1996); the view from Broadway online
The U.S. unemployment rate climbed from a half-century low of 3.5% to 4.4% in March – and is expected to go a lot higher.But could the rate, as some predict, surpass the 25% joblessness the U.S ...