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MoneyDecisions101 => The Great Depression

Photos of the Great Depression

The Great Depression began in 1929 in the United States and spread worldwide. It was the worst economic downturn in the 20th century, marked by high unemployment, falling stock values, and thousands of bank failures. The Great Depression lasted about ten years, until 1939, when World War II promoted manufacturing and job growth.

Great Depression Migrant Mother Great Depression Migrant Mother and Child
Woman and her children during the Great Depression. This is probably the most popular image known as Migrant Mother , showing personal struggle of the Great Depression.

Great Depression selling apples
Selling apples on the street during the Great Depression.

Great Depression Jobless

Great Depression man needing workGreat Depression two men needing work
Men needing work during the Great Depression

Great Depression Soup Line
Soup line during the Great Depression.

Great Depression Bank Run American Union
Bank run, American Union Bank, during the Great Depression.

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During the Great Depression, the unemployment rate in the United States exceeded 23%.

In 1941 the United States entered WWII after the attack on Pear Harbor. 

During WWII, Millions of US citizens joined the military, while others found employment in defense related occupations. 

Manufacturing production for defense and federal war spending during WWII helped push the United States out of shadows of the Great Depression.

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