Great Depression
The Great Depression of the 1930s was the economic event of the 20th century. The history of the depression is fascinating because it is a reference point for economic misery and fear. The Great Depression began in October 1929, when the stock market in the United States dropped rapidly. ... The “crash” led us into the Great Depression. ... The Depression became a worldwide business slump of the 1930s that affected almost all nations. ... Japan claimed this economic growth would relieve the depression. ... It would be easy to say that the stock market crash was the main cause of the Great Depression. ... Massive unemployment across America became the most powerful sign of a deepening depression. ... In the United States, President Herbert Hoover held office when the Great Depression began. ... The Depression also overwhelmed traditional sources of relief.