The Great Depression: Children's American History of 1900s Book

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The Great Depression marked a decade of economic turmoil in the United States, characterized by a significant decline in GDP and industrial output. The era witnessed the collapse of half of the nation's banks and a steep drop in stock prices, leading to widespread financial instability. With no unemployment insurance available, nearly 25% of the population faced unemployment, highlighting the profound social and economic challenges of this period in American history.