The Great Depression was the worst economic slump ever in U.S. history, and one that spread to virtually the entire industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Grea...

When Franklin D. Roosevelt became the president of the United States in 1933, the nation's economy was in a state of turmoil. Industrial production slowed to about half its level prior to the depression, agricultural and other prices of goods fell to half of their previous value, and unemployment ju...