| Version | Summary | Created by | Modification | Content Size | Created at | Operation |
|---|---|---|---|---|---|---|
| 1 | Camila Xu | -- | 3221 | 2022-11-14 01:30:12 |
The "Great Depression" was a decade of unemployment, low profits, low prices, high poverty and stagnant trade that affected the entire world in the 1930s. Worst hit sectors were heavy industry, agriculture, mining and logging; least affected were white collar workers. The stock market crash of 1929 triggered the Great Depression in the United States which then spread to every continent. The depression ended in the late 1930s and caused major political changes, especially the New Deal that involved large scale federal relief programs, aid to agriculture, support for labor unions, and the formation of the New Deal coalition by Franklin Delano Roosevelt. The long-term memories affected the nation for decades as a consensus was reached that it would not be allowed to happen again and that the nation would have "Freedom from Fear."