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On the eve of the Great Depression the South was the poorest region in the United States, its per capita income scarcely 50 percent of the national figure. It was a poor rural one-crop society in which too many people chased too little farm income.
Throughout the industrial world, cities were devastated during the Great Depression, beginning in 1929 and lasting through most of the 1930s. Worst hit were port cities (as world trade fell) and cities that depended on heavy industry , such as the steel and automotive industries .
Southern cities retained much of their pre-Civil War identities in the aftermath of World War II, Goldfield argued, but change was well underway. The onset of the New Deal began the process that significantly altered the personality and characteristics of the South. ' Certainly the Great Depression and the New Deal left a long-
Examining the causes of the Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged.
Migration and the Great Depression On the Great Plains, environmental catastrophe deepened America’s longstanding agricultural crisis and magnified the tragedy of the Depression. Beginning in 1932, severe droughts hit from Texas to the Dakotas and lasted until at least 1936.
Timeline of important events pertaining to the Great Depression, when much of the world faced harsh economic conditions. Many people were out of work, hungry, or homeless. The Great Depression started in the United States, but it quickly spread throughout the world.
29 paź 2009 · The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. At its peak, the U.S. unemployment rate topped 20 percent.
