Finally,
by May, 1938 retail sales began to increase, employment improved, and
industrial production was on the rise. After the recovery from the
Recession of 1937, conservative politicians were able to stop further
expansion of the New Deal, abolishing many of the programs.
The
Great Depression ended at
different times in different countries with the United States finally
ending in 1941 with America's entry into World War II.
During the peak years of the
Depression, some 13 million people were unemployed in the United States,
industrial production had fallen nearly 45%, homebuilding by 80%, 5,000
banks had failed, the stock market had lost almost 90% of its value, and
over a million families had lost their farms.
During these turbulent times,
individuals were affected not only financially, but also psychologically
as unemployment caused self-blame and self-doubt. Men were harder hit than women,
as they were expected to provide for their families and it was humiliating
for them to ask for help. Ironically, while millions of men were out of
work, the percentage of women working during the
Depression increased,
especially under the New Deal programs. And due to extremely low wages,
children could sometimes find work when their parents could not.
African Americans and other minorities suffered more than whites,
as their jobs were often taken away and given to white people. In 1930, 50% percent of
African-Americans were unemployed.
The
Great Depression and the New Deal
changed the relationship between Americans and their government, with
the people now expecting government involvement and responsibility in
caring for the needy and regulating the economy.
It also created a liberal political alliance of labor
unions, an acceptance of women working, African-American rights, and
unfortunately, a new generation of outlaws and gangsters who profited
during a time that others were starving.
These, including such infamous
people as Bonnie and Clyde,
John Dillinger, and dozens of others,
operated in what is sometimes referred to as the "public enemy era"
between 1931 and 1935. It also spawned in much of the American public
strong habits of careful saving and frugality.