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Digital Subscriptions > History Revealed > November 2016 > In Pictures: The Great Depression

In Pictures: The Great Depression

On 29 October 1929, the US stock market crashed. By 1933, nearly half of America’s banks had failed and 15 million people were unemployed. en came the mid-west migrant crisis. Would America ever recover?

AT A GLANCE

While Europe struggled during the post-World War I recession of the 1920s, life in the USA was looking rosy. Factories churned out consumer goods, the economy thrived and the American Dream of prosperity for all seemed within touching distance. It looked as if anyone could become a speculator and get rich quick. Around 25 million ordinary Americans began borrowing money to purchase stocks. Then, as the decade drew to a close, share prices plummeted, panic selling ensued and Wall Street went into meltdown. Boom turned to bust and the American Dream to dust...

GETTY X5, JOHN FROST NEWSPAPERS X1, LIBRARY OF CONGRESS X1

WHERE HAVE ALL THE GOOD TIMES GONE?

A Wall Street speculator tries to sell his car after losing all his money. The effect of the crash sent ripples across the Atlantic. America had lent huge sums of money to Europe and, when it suddenly recalled its funds, the European economy was devastated.

CASHING IN

Reports of the crisis sold plenty of newspapers in the US and Europe

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The SAS in World War II, Athens vs Persia, Jack the Ripper and the tragedy of the forgotten queen in this month's issue
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