The Great Depression

October 24, 1929, was one of the darkest days in American history. On Black Tuesday, the hopeful, prosperity of the Roaring Twenties came to an abrupt end when the stock market crashed. Suddenly, the United States, and the world with it, was propelled into the Great Depression. Americans began withdrawing their money from banks, causing them to fail. Industrial production came to a standstill and unemployment skyrocketed. Unable to pay their bills, hundreds of thousands of Americans became homeless. By 1933, 15 million were without work and almost half of all U.S. banks had shuttered. To make matters worse, a historic drought caused widespread farmland erosion across the Prairie, precipitating the Dust Bowl. The "only thing we have to fear is fear itself" declared incoming President Franklin D. Roosevelt during his 1933 inauguration. Immediately he set to work rebuilding the country. Through a series of federal programs, he launched the New Deal, which revived banks, created millions of jobs, and helped Americans from going hungry. Slowly, the economy picked up, and with the outbreak of World War II in 1939, factories across the United States kicked into high gear, propelling the country out of the worst economic depression in its history.