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The Great Depression: About

The Great Depression

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What is the Great Depression?

The Great Depression began in August 1929, when the economic expansion of the Roaring Twenties came to an end. A series of financial crises punctuated the contraction. These crises included a stock market crash in 1929, a series of regional banking panics in 1930 and 1931, and a series of national and international financial crises from 1931 through 1933. The downturn hit bottom in March 1933, when the commercial banking system collapsed and President Roosevelt declared a national banking holiday. Sweeping reforms of the financial system accompanied the economic recovery, which was interrupted by a double-dip recession in 1937. Return to full output and employment occurred during the Second World War. Continue Reading from Federal Reserve History

Check Out the Library Collection

Link to Hard times an oral history of the great depression by Studs Terkel.in the catalog
Link to America's Great Depression by Murray N. Rothbard in Hoopla
Link to The Great Depression by Robert S. McElvaine in the catalog
Link to Boom and Bust by William Quinn in the Catalog
Link to The forgotten man by Amity Shlaes in the catalog
Link to Essays On The Great Depression by Ben S. Bernanke in the catalog
Link to Historical Sources On The Great Depression by Chet'la Sebree in Hoopla
Link to Dancing in the Dark by Morris Dickstein in the catalog
Link to Chicago In The Great Depression by James R. Schonauer and Kathleen G. Schonauer in the catalog
Link to The Great Depression by Raymond E. Smith in the catalog
Link to Growing Up In The Great Depression by Amy Ruth Allen in the catalog
Link to The New Deal And The Great Depression by Aaron D. Purcell in the catalog

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