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The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [1] The economic contagion began around September 1929 and ...
The Great Depression in a monetary view. In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply.
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, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic ...
Photos of America during the Great Depression, much like the mood of the country, are often bleak, available only in black and white -- until now. Gorgeous color photos from the Great Depression ...
978-1-56584-656-2. 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.
California Hall of Fame. Dorothea Lange (born Dorothea Margaretta Nutzhorn; May 26, 1895 – October 11, 1965) was an American documentary photographer and photojournalist, best known for her Depression -era work for the Farm Security Administration (FSA). Lange's photographs influenced the development of documentary photography and humanized ...
The Harvest Gypsies, by John Steinbeck, is a series of feature-story articles written on commission for The San Francisco News about the lives and times of migrant workers in California's Central Valley. [1] Published daily from October 5 to 12, 1936, Steinbeck explores and explains the hardships and triumphs of American migrant workers during ...
A tent city in Sacramento, California was described as "images, hauntingly reminiscent of the iconic photos of the 1930s and the Great Depression" and "evocative Depression-era images." [18] According to economist Irving Fisher, the two dominant factors in a depression are over-indebtness to start with and deflation soon after. [19]