Facts About The Great Depression
- The Great Depression was a severe worldwide economic depression in the decades preceding World War II from 1929 - 1945.
- On “Black Tuesday” the stock market lost $14 billion, making the loss for that week 30 billion dollars.
- During the worst years of the Depression (1933-1934) the overall jobless rate was 25%.
- 25% of people took wage cuts or worked part time.
- During the Great Depression 50% of children did not have adequate food, shelter, or medical care.
- During the Great Depression bankers became so unpopular that bank robbers, such as Bonnie and Clyde, became American folk heroes.
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