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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.
Marion Post Wolcott (June 7, 1910 – November 24, 1990) was an American photographer who worked for the Farm Security Administration during the Great Depression, documenting poverty, the Jim Crow South, and deprivation.
Florence Owens Thompson (born Florence Leona Christie; September 1, 1903 – September 16, 1983) was an American woman who was the subject of Dorothea Lange's photograph Migrant Mother (1936), considered an iconic image of the Great Depression. The Library of Congress titled the image: "Destitute pea pickers in California. Mother of seven children.
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Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...
Walker Evans (November 3, 1903 – April 10, 1975) was an American photographer and photojournalist best known for his work for the Resettlement Administration and the Farm Security Administration (FSA) documenting the effects of the Great Depression. Much of Evans' New Deal work uses the large format, 8 × 10-inch (200×250 mm) view camera. He ...
The New York Stock Exchange crashed on October 24, 1929, known as Black Thursday. It was the first of many financial calamities that created the most notorious period of economic depression in ...
During this time, most people believed that the decline was merely a bad recession, worse than the recessions that occurred in 1923 and 1927, but not as bad as the Depression of 1920–1921. Economic forecasters throughout 1930 optimistically predicted an economic rebound come 1931, and felt vindicated by a stock market rally in the spring of 1930.