On October 29, 1929 the Stock Market crashed and caused many banks and businesses to close. This caused many people to lose their jobs and their savings.
The New Deal
Bank
Franklin Roosevelt was elected as the next U.S. president in 1932 after the former President, Herbert Hoover, failed in his efforts to restore the U.S. economy.
WW2 Begins
In 1933, Hitler begins to rise to power after gaining the trust of the Germans by helping them out of their depression.
America Enters the War
President Roosevelt implements the New Deal in 1933, which creates minimum wage, gives the maximum number of work hours in a week, and creates new programs for employment and bank reforms.
France and Great Britain declare war on Germany on September 1, 1939, which starts World War Two. This begins to bring America out of the Depression due to a boom in industry.
In 1941 America joins WW2 after the bombing of Pearl Harbor, and this officially brings them out of the Great Depression and lowers the unemployment rate by 10%.