the Great Depression (28 ottob 1929 anni – 31 dic 1939 anni)

Descrizione:

-New York stock market crashed
-by 1933 unemployment hit 13 million in the US
-people go without homes and food and travel across the US looking for food
-5,000 American banks fail and people lose all their money
-Franklin D Roosevelt's 'New Deal': regulates banks, pensions, unemployment, stock market. He builds schools, roads, bridges, and parks, employing thousands
-Europe also feels the effects because they lose their American investors, the collapse of trade leads to trade barriers/protectionism, the collapse of European banks

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