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

What happened between the Great Depression and WWII? ›

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 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.

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 is the timeline of WW1 and ww2? ›

The First World War (WWI) was fought from 1914 to 1918 and the Second World War (or WWII) was fought from 1939 to 1945. They were the largest military conflicts in human history. Both wars involved military alliances between different groups of countries.

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 was a main reason why the Great Depression happened? ›

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.

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 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 events started the Great Depression? ›

The U.S. stock market crash of 1929, an economic downturn in Germany, and financial difficulties in France and Great Britain all coincided to cause a global financial crisis.

Did the Great Depression affect the world? ›

The Great Depression Arrives

By the end of the decade, economic and financial troubles had spread around the world. Many factors contributed: A decline in prices of primary products devastated the economies of such countries as Argentina, Australia, and Chile.

What happened in 1929 that triggered the Great Depression? ›

Simply put, the stock market crash of 1929 caused the Great Depression because everyone lost money. Investors and businesses both put significant amounts of money into the market, and when it crashed, tremendous amounts of money were lost. Businesses closed and people lost their savings.

How did people survive the Great Depression? ›

Many families sought to cope by planting gardens, canning food, buying used bread, and using cardboard and cotton for shoe soles. Despite a steep decline in food prices, many families did without milk or meat. In New York City, milk consumption declined a million gallons a day.

Did the New Deal or World War II end the Great Depression? ›

Such programs certainly helped end the Great Depression, “but were insufficient [because] the amount of government funds for stimulus wasn't large enough,” she notes. “Only World War II, with its demands for massive war production, which created lots of jobs, ended the Depression.”

Why did the US enter WWII? ›

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.

What caused World War II? ›

Adolf Hitler's invasion of Poland in September 1939 drove Great Britain and France to declare war on Germany, marking the beginning of World War II. Over the next six years, the conflict took more lives and destroyed more land and property around the globe than any previous war.

What happened in 1930 and 1940? ›

The Great Depression, the Dust Bowl, and the start of World War II on the European front were some of the most impactful historical events of the time. These events influenced what our ancestors wore, what they did for work, how they managed their homes, where they lived, what they did for fun, and much more.

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