5690–5699 AM · 1930 CE — 1939 CE · world history
The Great Depression
A stock market crash in New York becomes a decade of unemployment worldwide.
In October 1929 the New York exchange collapses, taking banks, savings and credit with it. American industrial output nearly halves and millions lose work. The crisis spreads worldwide. Roosevelt answers with the New Deal, while in Germany mass poverty feeds the Nazi rise to power in 1933.
Sources
Documents of the period
- documents and chronicles of the period — the stock-market reports and the New Deal programmes
Scholarship
- general histories of the region — a decade of unemployment across the world
Basis: documents and evidence.