The Great Depression was a time of economic crisis in the United States and other countries. After a 1929 stock market crash, many people lost their savings. Businesses suffered and unemployment skyrocketed. Meanwhile, American farmers faced devastating droughts. Problems in the United States spread overseas, creating a global depression. President Franklin D. Roosevelt relieved some of the problems with a program called the New Deal. However, only the start of World War II (1939–1945) returned vigor to the economy.
After World War I (1914–1918) ended, the United States experienced a time of great prosperity. The country had participated in the final two years of the war and had helped to bring victory to the Allied nations. The war greatly boosted...Read more