October 1929General sourceWell documented
The Crash and the Great Depression
On the timeline · around October 1929 ·
What happened
The stock market collapsed; by 1933 a quarter of workers were unemployed, reshaping Americans' relationship with government.
Why it matters
The New Deal order — Social Security, financial regulation, federal relief — was forged in this crisis.
Sources
- FDR Presidential Library & Museum. Great Depression facts · General source