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The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
Liquidation Cycles and the Great Depression (1991) Jensen, Richard J. "The Causes and Cures of Unemployment in the Great Depression", Journal of Interdisciplinary History 19 (1989) 553–83. online at JSTOR in most academic libraries; McElvaine, Robert S. The Great Depression (2nd ed 1993) social history; Mitchell, Broadus.
Examining the causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged.
Hard Times: An Oral History of the Great Depression (original: 1970/ latest edition: 2005) is a telling of the oral history of the Great Depression written by Studs Terkel. It is a firsthand account of people of varying socio-economic status who lived in the United States during the Great Depression. The first edition of the book was published ...
Tales of the Depression are woven with a common thread: Even though most people had very little, those with a little more helped those with a little less. Families who had fallen on hard times ...
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
The researchers examined data from 832 participants in the U.S. Health and Retirement Study, all of whom were born in the 1930s during the Great Depression—the worst economic downturn in the ...
The worldwide Great Depression had a moderate impact on the French economy, which proved resilient. Conditions worsened in 1931 bringing hardships and a more somber mood. Unemployment rose, and hours of work were cut; however the price of food sharply declined, offsetting some of the hardship. [ 12 ]