Back to Period 7: 1890–1945

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7.8 The Great Depression

Part of Period 7: 1890–1945 in AP® US History. Read the opening section, then create a free account for the full interactive lesson, practice, and progress tracking.

The Great Depression was the most severe financial collapse in U.S. history. It revealed the weaknesses of industrial capitalism and the dangers of speculation and inequality. The stock market crash of 1929 destroyed confidence in the financial system. Banks failed, businesses closed, and unemployment rose to nearly one-quarter of the workforce by 1933.

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