Zogpilled
It’s ogre
★★
- Joined
- Nov 5, 2021
- Posts
- 4,627
Its commonly argued that the start of the great depression was the stock market crash in October of 1929. while certainly cataclysmic, I've heard a while back in a documentary that by and large people's daily lives did not change much until the early 1930s. While unemployment rates rose in 1930, they did not peak until 1933, almost 4 years after the crash. While the effects of the crash surely led to the spiraling economy which hit rock bottom in 33, I can't find any information as to how the length of the downturn affected people's lives. if the economy had suddenly hit 25 percent unemployment by the end of 1929, then that would have drastically affected the whole society, as it did through the 1930s. though given how long the recession lasted, were the changes in people's daily lives more gradual? its commonly said that the roaring 20s ended with the stock market crash, but did the lifestyle of the 20s end that October, or did it die slowly in the early 1930s?