Great Depression

The Great Depression began with the crash of the New York stock market on Black Thursday (October 24, 1929). Throughout the 1930?s the United States and the world experienced high unemployment rates and a great decrease in international trade. As businesses closed in the United States, millions of people found themselves without jobs and in the midst of financial crisis. Franklin D. Roosevelt?s New Deal programs helped to ease the depression?s effects. The Great Depression ended as a result of increased industrial production during World War II.