Search results
Results From The WOW.Com Content Network
In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment , famine, poverty, low profits, deflation , plunging farm incomes, and lost opportunities ...
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 ...
The Economies of Africa and Asia in the Iinter-war Depression (1989) Davis, Joseph S. The World Between the Wars, 1919–39: An Economist's View (1974) Drinot, Paulo, and Alan Knight, eds. The Great Depression in Latin America (2014) excerpt; Eichengreen, Barry. Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992 ...
Ohio was hit very hard by the Great Depression in the 1930s. In 1932, unemployment for the state reached 37.3%. By 1933, 40% of factory workers and 67% of construction labor were unemployed. [119] The voters supported Franklin D. Roosevelt in 1932, 1936, and 1940, with large margins in the cities.
Specie was also replenished to a great extent, increasing from $2.5 million in 1819 to $3.4 million by 1820 and further rising to $8 million by 1821. [ 97 ] [ 98 ] As an added consequence, banknotes in circulation were reduced by about $23 million within a span of four years from 1816 to 1820.
The lessons of the generation that weathered the Great Depression include self-sufficiency, frugality, and improvisation. See how to tap those notions today. 12 Things We Can Learn From the Great ...
Before “Grapes of Wrath” chronicled the life of migrant workers in California, Kansas City had the Federal Transient Camp north of the river. How a Kansas City work camp provided much-needed ...
From the depression of 1920–1921 until the Great Depression, an era dubbed the Roaring Twenties, the economy was generally expanding. Industrial production declined in 1923–24, but on the whole this was a mild recession. [26] [34] [35] [36] 1926–1927 recession October 1926 – November 1927 1 year 1 month