USA 1918-1941 Overview
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USA 1918-1941 Overview
A changing nation
From the end of the First World War to the eve of the Second, the USA experienced economic boom, severe depression and a growing federal government.
- Most Americans experienced continuous economic decline.
- Mass production and consumer spending expanded, although prosperity was uneven.
- The federal government took control of most factories.
- The USA entered the Second World War.
Crash, depression and response
The 1929 crash helped trigger a crisis, but the Depression had several causes and developed over time.
- Speculative share buying and the Wall Street Crash
- Overproduction and falling demand
- Weaknesses in banks and widespread bank failures
- A sudden shortage of American factories
- The New Deal ending all unemployment in 1929
- Relief
- Recovery
- Reform
- Immediate help for people facing hardship
- Changes intended to reduce the chance of future crises
- Measures intended to restart economic activity
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