💰
economics
Revolutionary
📌 Pinned
The Great Depression: When America Went Broke Overnight
How the Roaring Twenties ended in collapse and reshaped the modern world
The Great Depression, triggered by the stock market crash of 1929, marked the most severe economic downturn in modern history. It devastated millions of lives, redefined the role of government, and left a legacy of reforms that continue to shape global economics today.
Quick Facts
Timeline
29 October 1929
Black Tuesday – U.S. stock market crashes, wiping out billions in value
1930
Wave of bank failures begins across the United States
1931
Global ripple effect as European economies collapse under debt
1932
Unemployment peaks at 25% in the U.S.
March 1933
Franklin D. Roosevelt inaugurated, launches the New Deal
1935
Social Security Act signed into law
1939
World War II begins, accelerating the end of the Great Depression
Sources & References
📄
https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/great-depression-and-world-war-ii-1929-1945/great-depression-and-the-new-deal/
📄
https://www.history.com/topics/great-depression/great-depression-history
📄
https://www.federalreservehistory.org/essays/great-depression