Link to Online Textbook Link to the Boisterous Sea of Liberty Link to Historic Court Cases Link to Historic Newspapers Link to Landmark Documents Link to Classroom Handouts Link to Lesson Plans Link to Resource Guides ink to E-lectures Link to Film Trailers Link to Flash Movies Link to Multimedia Exhibits Link to Ethnic America Link to Materials for Teachers Link to eXplorations Link to Learning Modules Link to Interactive Timeline Link to Games Database Link to A House Divided Link to America's Reconstruction Link to Virtual Exhibitions Link to Current Controversies Link to Ethnic America Link to Film and History Link to Historiography Link to Private Life Link to Science and Technology Link to the Reference Room Link to Writing Guides Link to Biographies Link to Book Talks Link to Chronologies Link to the Encyclopedia Link to Glossaries Link to the History Profession Link to Historical Images Link to Historical Maps Link to eXplorations Link to Do History through... Link to Multimedia Link to Historical Music Link to Museums & Archives Link to Historic Music Link to Historic Speeches Link to Historical Websites Link to Social History section

 
Back to Resource Guides

Depression

 

Historical Overview
The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. For the next ten years, the United States was mired in a deep economic depression. By 1933, unemployment had soared to 25 percent, up from 3.2 percent in 1929. Industrial production declined by 50 percent, international trade plunged 30 percent, and investment fell 98 percent.

The Depression transformed the American political and economic landscape. It produced a major political realignment, creating a coalition of big-city ethnics, African Americans, and Southern Democrats committed, to varying degrees, to interventionist government. It strengthened the federal presence in American life, spawning such innovations as national old-age pensions, unemployment compensation, aid to dependent children, public housing, federally-subsidized school lunches, insured bank depositions, the minimum wage, and stock market regulation. It fundamentally altered labor relations, producing a revived labor movement and a national labor policy protective of collective bargaining. It also transformed the farm economy by introducing federal price supports.


 

 

This site was updated on 21-Nov-09.

Link to Ask the Hyperhistorian Link to Send Us Comments Link to Search & Site Map