Great Depression

Unemployed men at a soup kitchen during the Great Depression, 1936
TheGreat Depressionwas aglobal economic depressionthat in the United Stateslasted from1929 to roughly 1939. Itstarted in the United States and spread to other countries around the world, particularly inEurope.
The “Black Tuesday”stock market crash of October 29,1929, marked the beginning of theGreat Depression. But there were other contributingcauses as well, such as a decline in consumer spending,bank failuresand panics, Federal Reserve policies, maintenance of thegold standard, and protectionist trade policies.
During theGreat Depression,unemployment in the United States reached roughly 25 percent, and those who kept theirjobs saw incomes decrease by about a third. On the Great Plains, the depression was compounded by theDust Bowl, adrought that forced thousands of families off their farms.
Despite measures taken byPresidentHerbert Hoover, the depression worsened over the course of his term, leading to thelandslide election ofFranklin D. Rooseveltin1932.PresidentRoosevelt introduced a variety ofprograms, regulations, reforms, and agencies collectively known as theNew Deal. Some of the best known of these include theWorks Progress Administration (WPA), the Civilian Conservation Corps (CCC), the Tennessee Valley Authority (TVA), the National Recovery Administration (NRA), the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC), and the Social Security Administration (SSA).
The Americaneconomy began recovering in 1933, but a second downturn in1937 negated some of the gains. However, byWorld War II, when America began ramping up industrial production, theGreat Depression hadended.
Learn more about the Great Depression through historical newspapers from our archives. Explore newspaper articles, headlines, images, and other primary sources below.