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         Great Depression & The New Deal American History:     more books (69)
  1. The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (National Bureau of Economic Research Project Report)
  2. The Great Depression (American Moments) by Cory Gideon Gunderson, 2004-01
  3. LOS ANGELES & THE GREAT DPRESS (Modern American History) by Leader, 1991-08-01
  4. The Great Depression (Great Speeches in History)
  5. One Third of a Nation: Lorena Hickok Reports on the Great Depression by Lorena Hickok, Richard Lowitt, et all 1983-05-01
  6. And a Time for Hope: Americans in the Great Depression by James R. McGovern, 2000-02-28
  7. Main Street in Crisis: The Great Depression and the Old Middle Class on the Northern Plains by Catherine McNicol Stock, 1997-09-08
  8. North Carolina During the Great Depression: A Documentary Portrait of a Decade
  9. Encyclopedia of the Great Depression. 2 Vol. Set
  10. Roosevelt, The Great Depression, And The Economics Of Recovery by Elliot A. Rosen, 2005-11-15
  11. Trials and Triumphs: A Colorado Portrait of the Great Depression, With Fsa Photographs by Stephen J. Leonard, 1993-12
  12. Marion Butler and American Populism by James L. Hunt, 2003-04-28
  13. Hitting Home: The Great Depression in Town and Country by Bernard Sternsher, 1998-10-25
  14. War and Troubled Peace 1917-1939

61. UMBC Center For History Education
Colin Gordon, ed., Major Problems in american history, 19201945 (Boston Houghton An Eclectic Sampling of Websites on the great depression and new deal
http://www.umbc.edu/history/CHE/InstPg/JeffWW2/jeffries.html
UMBC Center for History Education Teaching History on the Internet January 11, 2001
The Great Depression and the World War II Home Front
John Jeffries
Selected Basic Bibliography
David M. Kennedy, Freedom from Fear: The American People in Depression and War, 1929-1945 (New York: Oxford University Press, 1999) William E. Leuchtenburg, The Perils of Prosperity, 1914-32 nd ed. (Chicago: University of Chicago Press, 1993) Robert McElvaine, The Great Depression: America, 1929-1941 (New York: Times Books, 1984) Studs Terkel, Hard Times: An Oral History of the Great Depression (New York: Pantheon, 1970) William E. Leuchtenburg, Franklin D. Roosevelt and the New Deal, 1932-1940 Anthony J. Badger, The New Deal: The Depression Years, 1933-1940 (New York: Alan Brinkley, The End of Reform: New Deal Liberalism in Recession and War (New York: Alfred A. Knopf, 1995) James MacGregor Burns: Roosevelt: The Lion and the Fox (New York: Harcourt Brace, 1956) and Roosevelt: The Soldier of Freedom (New York: Harcourt Brace Jovanovich, 1970) Patrick J. Maney

62. Encyclopedia Smithsonian: American History Timeline
american history Timeline. A to Z Selected Links bullet, The great depression (19291939) bullet, new deal and the Arts Oral history Interviews
http://www.si.edu/resource/faq/nmah/timeline.htm
Selected Links
The New World Vikings: The North Atlantic Saga Seeds of Change Colonial Era and Revolutionary War (1607-1783) Colonial Life: You Be the Historian Declaration of Independence July 4, 1776 Gunboat Philadelphia ... George and Martha Washington: Portraits from the Presidential Years A New Nation: Exploration and Expansion (1783-1860) Eli Whitney patents the cotton gin, 1793 Early Industrialization Timeline from Lewis and Clark Expedition, 1804-1806 The Lure of the West: Treasures from the Smithsonian American Art Museum Star-Spangled Banner and the War of 1812 Trail of Tears: Forced Migration of Cherokee Indians 1838-1839 ... As Precious as Gold and Stories from the Gold Rush United States Postage Stamps: Celebrating America's History Engines of Change: The American Industrial Revolution, 1790 - 1860 Samuel F.B. Morse invents the telegraph, 1837 ...
cotton gin, 1793
Civil War (1861-1865) "Winchester," General Sheridan's War Horse

63. First Measured Century: Interview: Alan Brinkley
Interview for the PBS documentary, focusing on the change in american culture brought about by the 1920s, the great depression, and the new deal.
http://www.pbs.org/fmc/interviews/brinkley.htm
SEGMENTS
(abbreviated titles)
Closing of the Frontier

Scientific Racism

The Children's Bureau

Middletown
...
Census 2000

Alan Brinkley Interview
Alan Brinkley is a Professor of History at Columbia University and Chair of the Board of Trustees of The Century Foundation, a nonpartisan think-tank. He is the author of The End of Reform: New Deal Liberalism in Recession and War The Unfinished Nation: A Concise History of the American People ; and other works. Alan Brinkley
Professor of History, Columbia University QUESTION: What was the mood of America on the eve of the 1929 crash? What were the nation's expectations moving into the 1930s? ALAN BRINKLEY:
The 1920s were one of the most dynamically prosperous periods of American history up to that point, at least for those parts of the population that benefited from it. So there was enormous ebullience in the 1920s - especially among middle-class people and affluent people - about the rate of economic growth, about the creation of new industries, and of course by the end of the 1920s about the stock market itself. What we should keep in mind is that at least half the population was not benefiting at all from this new prosperity. Indeed, some large sections of the population, particularly farmers, were doing much worse than they had been doing in the decade before. So it was a very uneven prosperity.

64. Great Depression & New Deal
great depression new deal. Learn about America s lowest moment Recalling the great depression An oral history of those who experienced the depression.
http://americanhistory.about.com/od/greatdepression/
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Learn about America's lowest moment economically and the battle to recover from this low.
Alphabetical
Recent Up a category New Deal Acronyms The programs of Franklin D. Roosevelt's New Deal can be very confusing. They are often called 'Alphabet Soup'. Use this reference page to know what all of the acronyms mean. The Disaster of '29...So What? Could the Disaster of 1929 happen again? Read about the stock market crash that began the Great Depression and the parallels between 1929 and today's economy. Great Depression Photos Take a look at these photos of the Great Depression organized by subject ranging from migrant workers to the Civilian Conservation Corps. A Case of Unemployment Any study of the Great Depression has to start with the economy. Examine the recessions, recoveries and facts about unemployment during the 1930s.

65. H102 Lecture 18: The Crash And The Great Depression
Of course, America was not alone in the great depression; it struck all the we ll take them up in Lecture 19 The great depression and the new deal.
http://us.history.wisc.edu/hist102/lectures/lecture18.html
Stanley K. Schultz, Professor of History
William P. Tishler, Producer
Lecture 18
Crashing Hopes: The Great Depression
In 1929, Yale University economist Irving Fisher stated confidently: "The nation is marching along a permanently high plateau of prosperity." Five days later, the bottom dropped out of the stock market and ushered in the Great Depression, the worst economic downturn in American history. Although Americans often believe that the Crash was the starting point of the Great Depression, many historians point out that it wasn't the sole cause. This lecture examines the roots of the Crash and the effect of the Great Depression on the American public. Some questions to keep in mind:
  • Why were Americans so confident in the stock market in the years leading up to the Great Depression? How did the Psychology of Consumption shape the causes and effects of the Crash? How did stock market investing change during the 1920s? Who were the main investors and how did they pay for their investments? Explain the statement: "By 1929, much of the money that was invested in the stock market did not actually exist."
  • 66. SparkNotes: SAT U.S. History: The Great Depression And The New Deal
    SAT II US history, Strategies for Taking the SAT II US history, America Before The great depression and the new deal. Trends and Themes of the Era
    http://www.sparknotes.com/testprep/books/sat2/history/chapter17.rhtml
    saveBookmark("", "", ""); Jump to a New Chapter Introduction to the SAT II Introduction to the SAT II U.S. History Strategies for Taking the SAT II U.S. History America Before the Europeans The Colonial Period Revolution and Constitution A New Nation The Age of Jackson Cultural Trends: 1781–Mid-1800s Westward Expansion and Sectional Strife Civil War and Reconstruction Industrial Revolution The Age of Imperialism The Progressive Era World War I The Roaring Twenties The Great Depression and the New Deal World War II The 1950s: Cold War, Civil Rights, and Social Trends The 1960s Glossary Practice Tests Are Your Best Friends < return to the previous section continue to the next section >> The Crash Roosevelt’s New Deal ... Popular Culture and Literature During the Depression The Great Depression and the New Deal Trends and Themes of the Era
    • The frenzied speculation and mergers of the booming economy in the 1920s led to the economic depression of the 1930s. Under President Franklin Delano Roosevelt, the government committed itself to unprecedented levels of regulation and control over the national economy. These policies of the New Deal made FDR and the Democrats extremely popular and changed the role of government in American’s lives forever. FDR’s policies changed the demographics of the political parties. His support for blacks, the poor, and labor unions won him and the Democrats support from those groups—a support base that remains in place today. Up until that time, blacks tended to vote for Republicans (Republicans had been the antislavery party during the Civil War and Reconstruction). FDR’s policies also lost Democrats their traditional support from the white South.

    67. The Great Depression
    The great depression 19291942. America s future appeared to shine brightly for most human misery — such was the assumption that underlay the new deal.
    http://www.u-s-history.com/pages/h1569.html
    Search ( Enter the name of an
    historical figure, event or issue)
    The Great Depression
    America's future appeared to shine brightly for most Americans when Herbert Hoover was inaugurated president in . His personal qualifications and penchant for efficient planning made Hoover appear to be the right man to head the executive branch. However, the seeds of a depression had been planted in an era of prosperity that was unevenly distributed. In particular, the depression had already sprouted on the American farm and in certain industries. The Hoover term was just months old when the nation sustained the most ruinous business collapse in its history. The stock market crashed in the fall of 1929. On just one day, October 29, frantic traders sold off 16,400,000 shares of stock. At year's end, the government determined that investors in the market had lost some $40 billion. Previous to the 1929 collapse, business had begun to falter. Following the crash, the United States continued to decline steadily into the most profound depression of its history. Banks failed , millions of citizens suddenly had no savings. Factories locked their gates, shops were shuttered forever, and most remaining businesses struggled to survive. Local governments faced great difficulty with collecting taxes to keep services going.

    68. New Deal/WPA Art Project
    new deal Art During the great depression They stand as a reminder of a time in our country’s history when dreams were not allowed to be destroyed by
    http://www.wpamurals.com/
    New Deal Art During the Great Depression
      It is this legacy of the thousands of workers who labored at their craft for little money but great pride which we have to inspire us today. Although many of these works of art have been destroyed or stolen, those that remain must be preserved. They stand as a reminder of a time in our country’s history when dreams were not allowed to be destroyed by economic disaster. AL AK AZ AR ...
      Islands
      • ILLINOIS -
        List
        of Illinois Artist registered in the Federal Art Program
        *Restoration of the Chicago Lakeview PO MICHIGAN - Detroit - The West Side Local 174 mural by Walter Speck with an article, "Saving a Piece of Labor's History" by Jim Burton NEBRASKA - link to Post Office Murals in Nebraska
      • Who is in charge of the legacy of the WPA Federal Art Project? The Federal Property and Administrative Services Act of 1979 transferred all functions of the Federal Works Agency, including works of art produced under the various art projects of the Works Progress Administration (WPA), to the General Services Administration (GSA). Art in Danger!

    69. America's Great Depression - Links
    Examines common misconceptions about the great depression, the new deal and its Overview of the great depression by My history Is America s history,
    http://www.amatecon.com/gd/gdlinks.html
    Go to:
    Main Page

    An Overview

    Timeline

    Other Depressions
    ...
    Back to my Home Page

    Contact Me:
    webmaster -at- amatecon dot com
    Administrivia:
    This page was last updated on July 6, 2002
    Links Web site Description The Great Depression A decidedly liberal/Keynesian look at the Great Depression by the author of the Liberalism Resurgent web page The Great Depression in the United States From A Neoclassical Perspective Article by Harold L. Cole and Lee E. Ohanian, appearing in the Winter 1999 (Vol. 23 No. 1) issue of the Federal Reserve Bank of Minneapolis Quarterly Review , an academic journal that primarily presents economic research aimed at improving policymaking by the Federal Reserve System and other governmental authorities. Black Thursday: October 24, 1929 A neat page that shows newspaper headlines leading up to the Stock Market crash Great Depression Article from the online version of the Encyclopedia Britannica The Great Depression Part of the An Outline of American History website Great Myths of the Great Depression An short essay from the August '98 issue of The Freeman that takes a look at the Great Depression from a hardcore free market perspective Slouching Towards Utopia?: The Economic History of the Twentieth Century, XIV - The Great Crash and the Great Slump

    70. From The Depression To The New Millennium [Beyond Books]
    Social and Cultural Effects of the depression, 2. The new deal, 2a. A Bank Holiday, 2b. To be part of history? To be part of american history?
    http://www.beyondbooks.com/ush12/index.asp
    Hello, GUEST
    Log in

    The Great Depression
    The New Deal
    The Road to Pearl Harbor
    America in the Second World War
    Postwar Challenges
    The 1950s: Happy Days
    A New Civil Rights Movement
    The Vietnam War
    Politics from Camelot to Watergate Shaping a New America A Time of Malaise The Reagan Years Toward a New Millennium Search BB Program Contents Page From the Depression to the New Millennium [Introduction] 1. The Great Depression 1a. The Market Crashes 1b. Sinking Deeper and Deeper: 1929-33 1c. The Bonus March 1d. Hoover's Last Stand 1e. Social and Cultural Effects of the Depression 2. The New Deal 2a. A Bank Holiday 2b. Putting People Back to Work 2c. The Farming Problem 2d. Social Security 2e. FDR's Alphabet Soup 2f. Roosevelt's Critics 2g. An Evaluation of the New Deal 3. The Road to Pearl Harbor 3a. 1930s Isolationism 3b. Reactions to a Troubled World 3c. War Breaks Out 3d. The Arsenal of Democracy 3e. Pearl Harbor 4. America in the Second World War 4a. Wartime Strategy 4b. The American Homefront

    71. The Great Depression: A Brief Overview
    America s great depression began with the dramatic crash of the stock market on The words new deal signified a new relationship between the american
    http://www.todaysteacher.com/TheGreatDepressionWebQuest/BriefOverview.htm
    Return to WebQuest The Great Depression: A Brief Overview No job, no hope . . . America's "Great Depression" began with the dramatic crash of the stock market on "Black Thursday", October 24, 1929 when 16 million shares of stock were quickly sold by panicking investors who had lost faith in the American economy. At the height of the Depression in 1933, nearly 25% of the Nation's total work force, 12,830,000 people, were unemployed. Wage income for workers who were lucky enough to have kept their jobs fell almost 43% between 1929 and 1933. It was the worst economic disaster in American history. Farm prices fell so drastically that many farmers lost their homes and land. Many went hungry.
    Unable to help themselves the American public looked to the Federal Government. Dissatisfied with President Herbert Hoover's economic programs, the people elected Franklin D. Roosevelt as their president in 1932. Roosevelt was a bold experimenter and a man of action. Early on in his administration he assembled the best minds in the country to advise him. This group of men were known as the "Brain Trust." Within one hundred days the President, his advisors and the U.S. Congress passed into law a package of legislation designed to help lift the troubled Nation out of the Depression .

    72. New Deal - Wikipedia, The Free Encyclopedia
    Roosevelt s new deal influenced later programs like LBJ s great Society. Kennedy, David M. Freedom From Fear The american People in depression and War,
    http://en.wikipedia.org/wiki/New_Deal
    New Deal
    From Wikipedia, the free encyclopedia.
    Alternative meaning: New Deal (United Kingdom)
    The New Deal was President Franklin D. Roosevelt 's legislative agenda for rescuing the United States from the Great Depression . It was done based on the idea that the depression was caused by the inherent instability of the market and that government intervention was necessary to rationalize and stabilize the economy.
    Contents

    73. Great Depression - Wikipedia, The Free Encyclopedia
    The new deal was rooted in new ideas, but also in economic orthodoxy of balanced budgets, american Economic Policy from the great depression to NAFTA
    http://en.wikipedia.org/wiki/Great_Depression
    Great Depression
    From Wikipedia, the free encyclopedia.
    This article needs to be cleaned up to conform to a higher standard of quality.
    This article has been tagged since September 2005.
    See How to Edit and Style and How-to for help, or this article's talk page
    This article is about the worldwide economic crisis of the 1930s; for other uses of the term, see The Great Depression (disambiguation)
    The Great Depression was a massive global economic recession (or "depression") that ran from to approximately . It led to numerous bank failures, high unemployment , as well as dramatic drops in Gross Domestic Product (GDP) , industrial production, stock market share prices and virtually every other measure of economic growth. It is generally considered to have bottomed out in , but it was not until well after the end of World War II before such indicators as industrial production, share prices and global GDP surpassed their 1929 levels. What gave this downturn the name the "Great Depression" was that it was by far the largest sustained decline in industrial production and productivity in the century and a half for which economic records have been regularly kept, and the fact that its impact was felt throughout the entire industrialized world and their trading partners in less developed nations. The term Great Depression can refer to the economic event, but it can also refer to the cultural period, often called simply "The Depression", and to the political response to the economic events.

    74. Education World ® - Lesson Planning: Celebrate The Century: Search The Web For
    From the great depression and the new deal programs to architectural Read about the history of the bridge at that site. great depression Image
    http://www.education-world.com/a_lesson/lesson079.shtml
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    Celebrate the Century: Search the Web for U.S. History of the 1930s
    Search the Web to learn the stories behind the stamps issued by the United States Postal Service commemorating the people, places, events, and trends of the 1930s. Explore Web sites related to the Empire State Building, Superman, the Great Depression, Franklin Delano Roosevelt, the Monopoly® board game, and more! Superman, the legendary man of steel, returned to planet Earth on September 10, 1998, when 15 new stamps saluting the 1930s were issued by the U.S. Postal Service in Cleveland, Ohio where the super hero was "born." "From the Great Depression and the New Deal programs to architectural marvels and heroes of fact and fiction, the 1930s stamps portray a time when Americans worked together to overcome great hardship in hopes of a better day," said Deputy Postmaster General Michael Coughlin, who dedicated the stamps, part of the USPS's Celebrate the Century program, at the foot of Cleveland's Terminal Tower. When it opened in June 1930, the 52-story tower was among the tallest buildings in the world. It was the tallest building west of New York for 40 years.

    75. 98.04.04: The Great Depression And New Deal
    Narrative; The great depression; The Hoover years 19281932; The new deal The new deal helped many groups to take part more fully in american life.
    http://www.yale.edu/ynhti/curriculum/units/1998/4/98.04.04.x.html
    Yale-New Haven Teachers Institute Home
    The Great Depression and New Deal
    by
    Joyce Bryant
    Contents of Curriculum Unit 98.04.04:
    To Guide Entry
    It is my teaching goal that the students will be able to demonstrate in all areas of language arts by developing strategic skills for writing, reading, listening, speaking and viewing. In order to do this the students must understand and analyze facts and details through the reading of nonfictional historical information. So much has been said and written from alternate points of view. The purpose of the unit is to provide students with that historical material concerning the Depression and New Deal and to encourage and instruct them in their own writing process dealing with these events as we incorporate this knowledge into activities focusing on the language arts. Factual accounts and data will lead us to ask many questions. Such as; what economic forces shaped America in the 1920’s? How did life for many Americans change during that period? What groups didn’t share in the prosperity and why? Why and when did the economy first collapse and then improve? Last but not least two questions: how did the American people survive, and what changes took place under Roosevelt’s administration in order to bring about the New Deal? During difficult times, people often look to the government to solve difficult economic problems. The question should the government take an active role to help the poor and underprivileged, or is government involvement in the economy a danger to liberty and freedom? These questions were debated in the 1920’s and 30’s after the nation was plunged into a deep depression.

    76. Depression And New Deal
    Roosevelt, Franklin D. Roosevelt, FDR, great depression, new deal, Eleanor. Photos Documents of the great The great depression Oral history
    http://homepages.ius.edu/Special/OralHistory/GreatDepression2.htm
    GREAT DEPRESSION AND THE NEW DEAL The American Memory Collection- Library of Congress The Great Depression Gallery Index 1:Years of Adventure 2:The Humanitarian Years 3:The Roaring Twenties ... The story of Louisville's neighborhoods
    LABOR American Culture in the 1930's

    77. The Great Depression Essay
    Use of historical facts of the depression and the new deal is required. great depression and Roosevelt s new deal using the school text american Odyssey
    http://www.trumanlibrary.org/whistlestop/teacher_lessons/depression_essay.htm
    The Great Depression Essay Teacher: Cathy Ann Dickerson School: Platte County High School Grade: American History 11th Grade
    Time Frame
    The students learn about the events that led to the stock market crash,the concerns of the Depression, and the effects of the New Deal programs on the American people and the American economy. While reading and discussing these important issues in American History, the students choose an original Depression photograph [primary source] and create a story using historical facts. The project is one week in duration. A scoring guide and handout are utilized. Day 1 Day 2 Day 3 Day 4 Day 5 Introduce project and expectations; read examples Begin research using library and Internet Continue Research Continue work out of class Work on project; Computer lab available Day 6 Day 7 Continue work out of class Project is due; Students share
    work with oral
    Presentations
    Show Me Standards
    Goal 1.2 Conduct research to answer questions and evaluate information and ideas.
    Goal 1.4 Use technological tools and other resources to locate, select, and organize information.

    78. American Enterprise: Did The New Deal Actually Prolong The Great Depression? - T
    the new deal Economist Excerpt from american Enterprise, a publication in the field of news Did the new deal actually prolong the great depression?
    http://www.findarticles.com/p/articles/mi_m2185/is_2_13/ai_83520016
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    IN free articles only all articles this publication Automotive Sports FindArticles American Enterprise March 2002
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    Air Force Journal of Logistics Air Force Law Review Air Force Speeches ... View all titles in this topic Hot New Articles by Topic Automotive Sports Top Articles Ever by Topic Automotive Sports Did the New Deal actually prolong the great depression? - the New Deal Economist - Excerpt American Enterprise March, 2002 by Jim Powell
    Save a personal copy of this article and quickly find it again with Furl.net. It's free! Save it. The Great Depression was the most important economic event in twentieth-century American history, yet we know surprisingly little about it. Though the popular impression is that Franklin D. Roosevelt's New Deal policies brought about recovery, economic research developed in recent decades suggests the New Deal prolonged the Depression. The most troubling issue is the persistence of high unemployment throughout the New Deal period: At no point during the 1930s did unemployment go below 14 percent. Living standards remained depressed until after World War II. Stanford University's David Kennedy seems to be the only major political historian to mention any of the research about the effects of New Deal policies. In the Pulitzer Prize-winning Freedom from Fear published in 1999, Kennedy concluded flatly that the New Deal "was not a recovery program, or at any rate not an effective one."

    79. Labor History: Confronting Southern Poverty In The Great Depression: The Report
    Confronting Southern Poverty in the great depression is a volume in Bedford Historians of the South and the new deal will find the introduction and the
    http://www.findarticles.com/p/articles/mi_m0348/is_n4_v38/ai_20535770
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    ASEE Prism Academe African American Review ... View all titles in this topic Hot New Articles by Topic Automotive Sports Top Articles Ever by Topic Automotive Sports Confronting Southern Poverty in the Great Depression: The Report on Economic Conditions of the South with Related Documents. - book reviews Labor History Fall, 1997 by Alex Lichtenstein
    Save a personal copy of this article and quickly find it again with Furl.net. It's free! Save it. Edited with an introduction by David L. Carlton and Peter A. Coclanis. Boston: Bedford Books of St. Martins Press, 1996. viii, 168 pp. $10.95 paper. Confronting Southern Poverty in the Great Depression is a volume in Bedford Books' growing series of reprints of accessible primary documents designed for the undergraduate classroom. Like its companions, this edition conjoins a "key text" of American history, in this case Franklin Roosevelt's National Emergency Council's Report on Economic Conditions of the South (1938), with a comprehensive introductory essay and a range of supplementary documents. The restoration of this government document to print is a valuable service, for as David Carlton and Peter Coclanis make clear in their fine introduction the Report has been widely misunderstood. Roosevelt's infamous phrase associated with its appearance, "the South presents right now the Nation's No. I economic problem" (42), was actually an expression of the organic connection between the political economy of South and North, rather than an attempt to set the region apart. Indeed, the Report, written entirely by southerners, constituted a brief assailing "outside interests" for the regions economic and social woes rather than a Northern complaint about the southern drag on the national economy. The editors wisely caution, however, that the colonial economy charge was "useful more as a rallying cry than as an analysis" (35).

    80. Great Depression, By Robert J. Samuelson: The Concise Encyclopedia Of Economics:
    The great depression of the thirties remains the most important economic event in President Franklin Roosevelt s new deal gave birth to the american
    http://www.econlib.org/library/Enc/GreatDepression.html

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    Great Depression
    by Robert J. Samuelson The Great Depression of the thirties remains the most important economic event in American history. It caused enormous hardship for tens of millions of people and the failure of a large fraction of the nation's banks, businesses, and farms. It transformed national politics by vastly expanding government, which was increasingly expected to stabilize the economy and to prevent suffering. Democrats became the majority party. In 1929 the Republicans controlled the White House and Congress. By 1933, the Democrats had the presidency and, with huge margins, Congress (310-117 in the House, and 60-35 in the Senate). President Franklin Roosevelt's New Deal gave birth to the American version of the welfare state. Social Security, unemployment insurance, and federal family assistance all began in the thirties. It is hard for those who did not live through it to grasp the full force of the worldwide depression. Between 1930 and 1939 U.S. unemployment averaged 18.2 percent. The economy's output of goods and services (gross national product) declined 30 percent between 1929 and 1933 and recovered to the 1929 level only in 1939. Prices of almost everything (farm products, raw materials, industrial goods, stocks) fell dramatically. Farm prices, for instance, dropped 51 percent from 1929 to 1933. World trade shriveled: between 1929 and 1933 it shrank 65 percent in dollar value and 25 percent in unit volume. Most nations suffered. In 1932 Britain's unemployment was 17.6 percent. Germany's depression hastened the rise of Hitler and, thereby, contributed to World War II.

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