Overview | Great Depression and World War II, 1929-1945 | U.S. History Primary Source Timeline | Classroom Materials at the Library of Congress | Library of Congress (2024)

Overview | Great Depression and World War II, 1929-1945 | U.S. History Primary Source Timeline | Classroom Materials at the Library of Congress | Library of Congress (1)

The widespread prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed. The depression threatened people's jobs, savings, and even their homes and farms. At the depths of the depression, over one-quarter of the American workforce was out of work. For many Americans, these were hard times.

The New Deal, as the first two terms of Franklin Delano Roosevelt's presidency were called, became a time of hope and optimism. Although the economic depression continued throughout the New Deal era, the darkest hours of despair seemed to have passed. In part, this was the result of FDR himself. In his first inaugural address, FDR asserted his "firm belief that the only thing we have to fear is fear itself--nameless, unreasoning, unjustified terror." As FDR provided leadership, most Americans placed great confidence in him.

The economic troubles of the 1930s were worldwide in scope and effect. Economic instability led to political instability in many parts of the world. Political chaos, in turn, gave rise to dictatorial regimes such as Adolf Hitler's in Germany and the military's in Japan. (Totalitarian regimes in the Soviet Union and Italy predated the depression.) These regimes pushed the world ever-closer to war in the 1930s. When world war finally broke out in both Europe and Asia, the United States tried to avoid being drawn into the conflict. But so powerful and influential a nation as the United States could scarcely avoid involvement for long.

When Japan attacked the U.S. Naval base at Pearl Harbor, Hawaii, on December 7, 1941, the United States found itself in the war it had sought to avoid for more than two years. Mobilizing the economy for world war finally cured the depression. Millions of men and women joined the armed forces, and even larger numbers went to work in well-paying defense jobs. World War Two affected the world and the United States profoundly; it continues to influence us even today.

Overview | Great Depression and World War II, 1929-1945 | U.S. History Primary Source Timeline | Classroom Materials at the Library of Congress | Library of Congress (2024)

FAQs

How did the Great Depression lead to World War II explain? ›

Economic instability led to political instability in many parts of the world. Political chaos, in turn, gave rise to dictatorial regimes such as Adolf Hitler's in Germany and the military's in Japan. (Totalitarian regimes in the Soviet Union and Italy predated the depression.)

What was the timeline of the Great Depression in the United States? ›

1929: The Wall Street Crash Sparks the Depression. 1930: The Dust Bowls Begin. 1931: Food Riots and Banks Collapse. 1932: President Roosevelt is Elected.

What was the Great Depression 1929 to 1940? ›

The Great Depression was the worst economic crisis in modern history, lasting from 1929 until the beginning of World War II in 1939. The causes of the Great Depression included slowing consumer demand, mounting consumer debt, decreased industrial production and the rapid and reckless expansion of the U.S. stock market.

What was the Great Depression summary? ›

What was the Great Depression? The "Great Depression " was a severe, world -wide economic disintegration symbolized in the United States by the stock market crash on "Black Thursday", October 24, 1929 . The causes of the Great Depression were many and varied, but the impact was visible across the country.

How did WW1 lead to the Great Depression? ›

World War I's legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster. Nearly two decades after leaving the White House, Herbert Hoover knew precisely where to place the blame for the economic calamity that befell his presidency—and it wasn't with him.

How did WW1 lead to WWII? ›

World War II: World War I did not directly cause World War II. However, WW1 created several consequences which led to a second World War: New states in Eastern Europe who were weak and ripe for the taking by Hitler. A devastated Germany and France appeased Hitler to prevent another war.

What events led to the Great Depression? ›

What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.

What happened during the Great Depression and how long did it last? ›

The Depression lasted a decade, beginning in 1929 and ending during World War II. Industrial production plummeted. Unemployment soared. Families suffered.

When was the Great Depression at its worst? ›

Timing and severity. The Great Depression began in the United States as an ordinary recession in the summer of 1929. The downturn became markedly worse, however, in late 1929 and continued until early 1933. Real output and prices fell precipitously.

What happened between 1929 and 1945? ›

Great Depression & WWII, 1929–1945

The Great Depression and World War II redefined the role of government in American society and catapulted the US to a leadership role on the world stage.

What ended the Great Depression? ›

On the surface, World War II seems to mark the end of the Great Depression. During the war, more than 12 million Americans were sent into the military, and a similar number toiled in defense-related jobs. Those war jobs seemingly took care of the 17 million unemployed in 1939.

What led the Great Depression in 1929? ›

The main cause behind it was the fall of aggregate demand due to under-consumption and over-investment. The demand for goods In the economy was so low that the production was lowered and leading to unemployment. In the USA, the rate of unemployment increased from 3% to 25%.

Who got rich during the Great Depression? ›

Not everyone, however, lost money during the worst economic downturn in American history. Business titans such as William Boeing and Walter Chrysler actually grew their fortunes during the Great Depression.

What was the Great Depression in a paragraph? ›

The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5,000 banks had gone out of business.

What is Great Depression in short answer? ›

The Great Depression is referred to as the greatest and also the longest economic downturn or recession in modern history. It started in the USA. After that, it had a rippling effect on the economies of the world. It is said that the Great Depression started with the USA stock market crash in October 1929.

Which of the following was a cause that helped lead to World War II? ›

The major causes of World War II were numerous. They include the impact of the Treaty of Versailles following WWI, the worldwide economic depression, failure of appeasem*nt, the rise of militarism in Germany and Japan, and the failure of the League of Nations.

How did the Great Depression affect the world economy? ›

During this period: There were steep declines in production, employment, incomes and trade. Agricultural regions and communities were worst affected due to the fall of agricultural prices and ruin of urban centres. Unemployment created further poverty in the society and people were living in destitute conditions.

What led the United States to finally enter World War II? ›

The Japanese attack on Pearl Harbor on December 7, 1941, ended the debate over American intervention in both the Pacific and European theaters of World War II. The day after the attack, Congress declared war on Imperial Japan with only a single dissenting vote.

Which event caused the United States to declare war and enter World War II? ›

On December 8, 1941, the day after the Japanese attacked Pearl Harbor, President Franklin Roosevelt delivered this "Day of Infamy Speech." Immediately afterward, Congress declared war, and the United States entered World War II.

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