-
(Stock Market crashed)
Black Thursday In 1931, the stock market crash ushered in the Great Depression. -
Great Depression
The Great Depression is considered to have started at the 1929 trough through the 1930s and 1940s. -
Wages dropping
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. -
Consumer Price Index
$1 in 1931 has the same buying power as 2017 $15. -
Consumer Spending
Consumer spending dropped dramatically. -
Inflation rates
inflation rate was -10% -
GDP
GDP $.85 trillion GDP per capital around $6000 -
Hoover Dam
The Hoover Dam's creation created hundreds of jobs and brought clean and abundant power to Arizona and the surrounding states. -
Period: to
Inflation
Inflation during 5 years resulted in a dollar from 1936 to be worth $1.02 in 1941. -
Period: to
Interest Rates
Interest rates during 1936 were at 2.65%. They fell to 1.95% at 1941. -
The New Deal
The New Deal stabilized the banks and cleaned up the financial mess left over from the Stock Market crash of 1929. It stabilized prices for industry and agriculture and aided bankrupt state and local governments. -
World war 2
The war began in 1939 and boosted production significantly almost overnight. The unemployment rate dropped to about 10% as many Americans gained jobs making weaponry and supplies. And people bought war bonds what helped the economic growth. -
Unemployment
Unemployment levels got up to 15%. -
Productivity levels
The export of US goods had increased by 300% from 1940-1944 -
Gross National Product
The US Gross National Product rose from86.5 billion to 135 billions from 1939-1945
