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The Great Depression, 1929–1941

The Great Depression in the United States and around the world: the boom of the 1920s and its cracks, the Crash of 1929 and the market's three-year fall, the banking panics, the European crisis and the end of the gold standard, the Hoover years and the Bonus Army, the Dust Bowl, Roosevelt's New Deal, the court fight and the recession of 1937–38, the culture of the decade, and the war economy that ended it. **How to read it.** Chapter headings mark the stages. Presidencies, programs, panics, droughts, recessions and the market's slide are durations; everything else is a moment, tagged by thread (market, banking, policy, politics, world, labor, farm, culture, economy). Related moments are linked: a cause and what it led to. **Dates and figures.** Local days, shown at a fixed UTC−5, New York's standard time, so the Crash's market hours read as Wall Street's. The business cycle follows the NBER's dates (to the month); unemployment rates are the Bureau of Labor Statistics' later annual estimates, placed at mid-year. Where a date or a figure is approximate, its dating note or its notes say so. A sample timeline built from the cited sources (Wikipedia, the NBER, the Bureau of Labor Statistics, the Federal Reserve's history essays, the National Archives and others); not a definitive history.

121 moments · 1920-01-01T00:00:00-05:00 CE – 1954-11-23T00:00:00-05:00 CE · by @athan · @athan

The business cycle bottoms

  • economy

The NBER dates the trough to **March 1933**: 43 months of contraction, the longest since the 1870s. By then the money supply had fallen by nearly 30% since 1930, and prices about as much.

Date precision
The NBER dates the trough to March 1933; placed at its first day.

Sources

Open The business cycle bottoms in the timeline