The Great Depression is considered to be the biggest and longest economic recession of the 20th century. The Great Depression lasted for nearly 10 years. It started because of the stock market crash of 1929. By 1933, around 13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. President Hoover’s administration tried supporting failing banks in hopes that the banks in turn would loan to businesses allowing owners to hire back their employees. But the economy didn’t start to turn around till President Franklin D. Roosevelt came into office in 1932. He tried to lessen the effects of the Great Depression when he got into office. Although he tried to get the economy right again it wouldn’t fully turn around
