Facts about the Great Depression

Facts About

Did you Know? List of Interesting Facts about the Great Depression
Facts are statements which are held to be true and often contrasted with opinions and beliefs. Our unusual and interesting facts about the Great Depression, trivia and information, including some useful statistics will fascinate everyone from kids and children to adults.

Interesting Facts about the Great Depression are as follows:

  • Fact 1 - Definition: The Great Depression was a severe worldwide economic depression in the decades preceding World War II from 1929 - 1945

  • Fact 2 - The Great Depression originated in the United States, under President Herbert Hoover,  starting with the fall in stock prices that began around September 4, 1929 and resulted in the stock market crash of October 29, 1929 (known as Black Tuesday)
  • Fact 3 - The Great Depression spread to nearly every country in the world although this article focuses on the United States of America
  • Fact 4 - On “Black Tuesday” the stock market lost $14 billion, making the loss for that week 30 billion dollars
  • Fact 5 - After the initial stock market crash there were a wave of suicides
  • Fact 6 - During the worst years of the Depression (1933-1934) the overall jobless rate was 25%
  • Fact 7 - 25% of people took wage cuts or worked part time
  • Fact 8 - gross national product fell by almost 50%
  • Fact 9 - During the Great Depression 50% of children did not have adequate food, shelter, or medical care
  • Fact 10 - Nearly 750,000 farms were lost through bankruptcy
  • Fact 11 - Crime increased and people were made homeless
  • Fact 12 - During the Great Depression bankers became so unpopular that bank robbers, such as Bonnie and Clyde, became American folk heroes
  • Fact 13 - Between 1929 and 1932 the annual income of an average American family dropped by 40%
  • Fact 14 - There were food riots start in various parts of the United States
  • Fact 15 - The Dust Bowl: There was a terrible drought which has turned soil into dust. During the Great depression a period of severe dust storms causing major damage to farms. Millions of acres of farmland became useless and hundreds of thousands of people became homeless
  • Fact 16 - John Steinbeck wrote The Grapes of Wrath and Of Mice and Men about the lives of these people and the devastating effects of the Dust Bowl.
  • Fact 17 - World War 2 eventually pulled the US out of the depression by creating new jobs.

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