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After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
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 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.
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 ...
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 ...
Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate ...
Three Cheers for the Unemployed: Government and Unemployment before the New Deal (1992) excerpt and text search; Singleton, Jeff. The American Dole: Unemployment Relief and the Welfare State in the Great Depression (2000) Sternsher, Bernard (1964). Rexford Tugwell and the New Deal. Brunswick, New Jersey: Rutgers University Press. OCLC 466310 ...
The lessons of the generation that weathered the Great Depression include self-sufficiency, frugality, and improvisation. See how to tap those notions today. ... the hardships of the 1930s endure ...