Great Depression (1929-1940)

The Great Depression is worst depression in our nation’s history, not ending completely until the United State entered WWII.

During the depression, thousands of the business failed, half a million farmers lost their farms, one-quarter of the banks failed, and millions of people were out of work(picture in the left side). There was no safety net as in today’s economy – no unemployment insurance, retirement benefit, or bank deposit insurance. Private charities were overwhelmed. People went hungry; children suffered from malnutrition.(picture in the right side)