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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.
At the time of the Great Depression, the term "The Great Depression" was already used to refer to the period 1873–96 (in the United Kingdom), or more narrowly 1873–79 (in the United States), which has retroactively been renamed the Long Depression. [232]
In fact, the worst period of 1932 – the Great Depression had passed, but the recovery was slow and weak. Roosevelt understood that traditional political and financial policy was not an adequate response to the crisis, and his administration chose to pursue the more radical measures of the New Deal .
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 ...
There was only one "R" out of "reduce, reuse, and recycle" during the Depression, when anything you had in your possession could be pressed into duty for a completely different purpose at any time.
The time period of the Hoover administration, the New Deal and World War II are highlighted. ... The Great Depression: An Inquiry into the Causes, Course, ...
Even as Delawareans could celebrate the end of Prohibition, the misery of the Great Depression continued in a topsy turvy time in Delaware.
It is the period in which Greek and Roman society flourished and wielded great influence throughout Europe, North Africa and the Middle East. Post-classical history – Period of time that immediately followed ancient history. Depending on the continent, the era generally falls between the years AD 200–600 and AD 1200–1500.