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For well over a month recently, the various news media fed us a cycle of fear and uncertainty about the national debt ceiling, and possible dire consequences by not raising ...
It was hoped as a Depression-era summer turned into a more optimistic autumn of 1933 that a parade would lead to purchases and prosperity. "Canton's Big Parade Speeds Up Recovery," said a bold and ...
The Great Depression was a devastating and prolonged economic depression that followed the crash of the U.S. stock market in 1929. It ended as the Second World War began.
During the peak of the Great Depression, the unemployment rate peaked at 24.9% in 1933 — 12.8 million Americans out of a population of 125.6 million — and it was still as high as 17.2% in 1939.
The crash of 1929 and the Great Depression that followed ultimately dropped the Dow nearly 90% below its peak level by mid-1932. The index finally troughed at 41.22 on July 8, 1932.
The market lost about 79% of its value by May 1932, dragging the economy into the Great Depression. The recovery from this crash took several years. The market did not return to its pre-crash ...