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Happier Human

61 Funny Depression Memes to Feel a Little Bit Better

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What do you do when you’re feeling depressed?

How do you get back on your feet and face the day?

There are a lot of ways to work through this distressing phase , and we all have different techniques for coping.

Some of us allow ourselves to hit rock bottom because we believe we will eventually turn things around and recover; others immediately find a way to divert their attention from whatever it is that is bringing them down.

Whichever type you are, there is no denying that a little dose of laughter can go a long way toward helping. Finding something that can make you happy for a while can help shift your mood and set you on the path to recovery.

We know what makes us happy—memes!

We have gathered 61 funny depression memes to help make you feel a little bit better whenever you are down or depressed. These memes are super relatable and we bet you will end up laughing your heart out.

Let’s check them out!

Table of Contents

1. What a strong tape.

the great depression presentation meme

Ever felt like you're just hanging by a thread? That is exactly what this meme shows. Where can we get some of that super strong tape?

2. Depression for everyone!

the great depression presentation meme

Oprah seems to be giving away free depression to everyone. Would you like some? Of, if you are already depressed, would you like some more?

3. Is this a hobby?

the great depression presentation meme

When depression disguises itself as a beautiful disaster. Is this becoming a hobby? Help!

4. This is fine.

the great depression presentation meme

“Oh, don’t mind me. I’m fine.” You know you can always seek help, right?

5. “Get over it.”

the great depression presentation meme

We know a lot of you can relate to this meme. It represents people who think that depressed individuals are just whining and making up excuses—that’s super insensitive and completely wrong.

6. Message from the Messiah.

the great depression presentation meme

Don’t worry! We have our meme messiah to turn to. Memes are our savior!

7. Perfect combination.

the great depression presentation meme

Ah, right—there’s normal depression and then there’s the seasonal variety. Sometimes you get hit with both at the same time. What’s worse than that?!

8. What an idea!

the great depression presentation meme

We suggest you use this meme whenever someone tells you to “get over it” or “just be happy.” It may be difficult for them to understand, but it simply doesn’t work that way.

9. Surprise! It’s a depression test!

the great depression presentation meme

Aren’t you happy to have gotten a high score? Just kidding. If you really did score high on a depression test, it would be a good idea to consult a professional.

10. Yes, everything is ok.

the great depression presentation meme

Where are all of our depressed people at? We know you relate to this meme 100 percent! It’s ok, we feel you.

11. That’s the spirit!

We laughed so hard when we saw this mem! There are just times in life when you can’t help but channel the John Travolta in you.

12. It is what it is.

Can it get more tiring than this? You could curse the world, but instead, we suggest you sleep. Who knows? You might find the solution when you wake up!

13. It’s ok.

depression memes | depression memes reddit | depression meme 2022

It is totally ok to ask for help—Phoebe knows! You might tell yourself that you are a burden to everyone, but the truth is, people are there for you.

14. Legends can relate.

We got you covered, legends! There’s no time for crushes and romance because we are all too busy dealing with our inner demons.

15. My Daily Activities

the great depression presentation meme

Here’s a detailed report of what our daily schedule looks like. Whenever someone asks how you are doing, you might just want to send this image.

16. I take the medicinal pizza.

the great depression presentation meme

The ultimate cure for depression? It seems like everybody treats pizza as medicine, anyway. Hey, where’s our diet coke?

17. What an obvious choice!

the great depression presentation meme

We’d rather draw 25, of course. That was never a tough choice to make. Generally speaking, those who are depressed don’t like to talk about the fact that they are depressed—or why.

18. Are you asking me?

the great depression presentation meme

On a more serious note, it is important to take people seriously whenever they say they are depressed. You never know what could running through their head. Give them some time and a sympathetic ear.

19. It’s fine; I’m used to it.

the great depression presentation meme

Is there any other choice except to get used to it? Just be the boss of your own life and wear your shades while it crumbles apart.

20. Can’t even blink.

Have you ever been so depressed you forget how to blink? Did you at least remember how to breathe?

21. Me vs. My Depression

Here’s a GIF that shows how depression attacks in the most unexpected ways, right when we are trying to get ahold of our lives.

22. When life happens.

When life happens and shuts the door of happiness in your face—that’s when depression sets in. Hopefully there’s a rainbow after the storm!

23. Chipmunks to make your day!

Here are our favorite chipmunks to keep those depressing thoughts at bay! What would we do without these cute things?

24. Picture of you holding on.

Salute to everyone—depressed or not—who feels like this in the middle of the week.

25. Hello, old friend.

When depression hits and all you can do is say, “Hello, old friend. We meet again.”

26. Depressed but still cute.

Who said you can’t be cute while depressed? We all try to keep our cool and maintain our poise, even when we are falling apart inside.

27. Depression every morning.

This is exactly what it feels like every morning when you wake up sad and lonely, whether there is a reason for it or not.

28. When you don’t know what to feel.

It can be difficult to distinguish between emotions, especially when they are super intense. Depression of disguises itself in emptiness. Are you numb? Incapable of feeling pain? It might be a good idea to speak with a professional.

29. You deserve it!

The only cut we deserve when we feel depressed is a piece of cake! Experts have even said that sweets can make us feel better. They release certain hormones that soothe and uplift our mood.

30. I’m fine, don’t worry.

Again with the sweets. Just don’t go overboard. Three ice creams is a bit much!

31. Keep it together.

Last but definitely not least—our favorite! Whenever you feel down or depressed, just look at this GIF and we guarantee you’ll find some relief. No matter how hard life may be, you have to hold it together like this kid!

32. To reduce depression.

the great depression presentation meme

So, what is it that you love? Does this meme portray the thing you love most? Pizza is forever!

33. Spooky depression.

the great depression presentation meme

The depression itself is creeping you out, so how are you going to creep other people out?

34. On edge.

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When your depression is already on edge and your anxiety about everyday stress comes along to push it off the cliff—well, isn’t that unfortunate?

35. Even Goku can’t fight it.

the great depression presentation meme

Goku is the strongest, so if he can’t fight it, who can?

36. Time to be happy.

the great depression presentation meme

It might not be easy, but it’s definitely the best choice. Take the offramp and get off the depression highway.

37. Good idea!

the great depression presentation meme

We love how this guy thinks (or doesn’t think!) Seriously, though—he’s basically describing meditation. Breathe in, breathe out, and let go of your stressful thoughts.

38. Self-sabotage.

the great depression presentation meme

Depression can start with self-sabotage, which we definitely don’t recommend—but we also know it is not easy to avoid. If you can, try to stop the ruminating and ban those fake scenarios from your mind!

39. Ice cream and music.

the great depression presentation meme

Ice cream and music are great temporary cures for depression. They aren’t officially medication, but they can at least help you feel at ease.

40. Bored or depressed?

the great depression presentation meme

Sometimes, you might wonder whether you are depressed or just plain bored. We know how that feels, especially when you have a lot to do but cannot find the motivation to get them done.

41. Watch out!

the great depression presentation meme

At least the company’s aware and is warning its employees!

42. You good, dude?

the great depression presentation meme

Here’s a meme for all our friends who make us smile with their memes. It can be challenging to help a friend suffering from depression, but don’t give up.

43. What does depression look like?

A lot of people do a great job of hiding their depression, which means that their need for support often goes unnoticed. Check in with your loved ones frequently and make sure you are there when they need you!

44. You’re enjoying this, huh?

Is your depression annoyed by the mere thought of you smiling and having a good life. Don’t let it harsh your mellow!

45. You what?

Your depression is starting to get worried. What if you banish it completely?!

46. A battle of your mental health illnesses.

This is what having anxiety and depression at the same time looks like—-too sad to want to be awake yet too worried to sleep.

47. It’s the whole gang.

Depression is like Regina George—when it tells you to jump in the car, you know you are in for trouble, but often you can’t say no.

48. Hang in there, brother.

Life can be hard, but you’ve got to keep hanging in there, kid. Brighter days are just around the corner.

49. Stop it, please.

Screaming and shouting is okay when you can’t handle it anymore. You need to let it all out But believe us when we say that you actually can deal with it. You are strong enough. You may be tired, but that does not mean you are weak.

50. It’s not that easy.

Send this to anyone who says it’s “just depression, so deal with it.” A person does not simply deal with anxiety and depression. These mental illnesses need to be handled with a lot of care.

51. Miley explains it best.

We couldn’t agree more, Miley. Depression is not cured just because someone suffering from it has a happy day. It can come back anytime, which is why it is such an important issue that needs support and attention.

52.Spongebob's dilemma.

the great depression presentation meme

When your mental worries become as tangible as a cartoon bubble, sometimes life inflates them to comical proportions. Yet, in the zany world of our minds, even the most absurd solutions seem to make a kind of nonsensical sense.

53. Chasing normalcy.

the great depression presentation meme

Just when a normal, happy life seems within grasp, the colorful reality of life's challenges holds you back. This is the pursuit of happiness in a nutshell—so close, yet often obscured by the trials of schoolwork, mental health, and the all-too-common sleepless nights.

54. False Advertising: The Emotional Aftermath

the great depression presentation meme

The promise of perks turned into a pact with pessimism—this is the look of collective disillusionment when expectations meet the harsh light of reality. It's a humorous take on the old bait-and-switch, where the only thing you catch is a case of the blues.

55. Triumph in the face of gloom.

the great depression presentation meme

A rare victory pose in the endless dance with our inner demons, this moment captures that sweet, fleeting uppercut to our shadows. It's a reminder that sometimes we get to score one against the darkness.

56. The Precarious Balance

the great depression presentation meme

This image depicts the start of all of life’s problems. Who knew that it all stemmed back to a Christmas song?!

57. Midnight support sprint.

This is the ultimate race against the clock—a friend's unexpected late-night message turns into a superhero dash of support. It's a heartwarming yet humorous take on being there for a friend, no matter the hour.

58. Comfort in the shadows.

In the grayscale hues of everyday battles, this meme captures the universal challenge of facing life's relentless struggles. It's a somber yet relatable reminder that sometimes just getting through the day is a silent victory.

59. Behind the veil of “I am fine.”

A poignant snapshot of the inner turmoil often hidden behind a facade of normalcy, this meme is a stark portrayal of the everyday struggle where anxiety and loneliness linger, invisible to the outside world but heavy on the soul.

60. Depressed but well dressed.

Strutting through life's lows with sartorial highs, this meme wittily captures the contrast between feeling blue and looking sharp. It's an ironic twist on self-care, proving that sometimes the outfit is on point, even when the spirits are not.

61. A truce with the blues.

How exactly do you deal with depression? Acceptance of one's mental health battles and finding some form of serenity in the midst of the storm. This is a light-hearted take on making peace with inner turmoil, one spoonful at a time.

Final Thoughts on Depression Memes

We hope that these depression memes we shared brought a smile to your face.

If you ever feel like your depression is getting to be a bit too much and you can’t find your way out, come back to this article and enjoy a few chuckles.

After all, laughter is the best medicine!

And if you're looking for more resources on depression, be sure to check out these blog posts:

  • 10 Signs & Symptoms of High Functioning Depression
  • Affirmations for People Struggling with Depression
  • Am I Depressed or Lazy? 10 Ways to Find Out

Finally, if you want a simple way to reduce your stress and anxiety, then try writing these 35 mindfulness journaling prompts to live more in the present moment .

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40 Memes That Might Make You Laugh If You Have Crushing Depression

the great depression presentation meme

Depression isn’t funny, but sometimes when you live with it, you start to cultivate a dark sense of humor to get through it.

For anyone who can relate, we wanted to round up some of the best depression memes on the internet to (hopefully) bring a smile to your face — even if it’s just for a moment.

While it’s true memes can’t “cure” depression (especially when it feels crushing), they can sometimes give you a small reprieve in the midst of your struggles.

If you’re struggling today with depression and need help, try  posting a Thought or Question on The Mighty to get support from people who “get it.”

If your depression feels “crushing,” these memes might make you laugh: 

in some personal news, im thrilled to announce that im tired all day no matter how much sleep I get

Need to talk about your depression?   Download our app to connect with others who get it.

meme: picture of man pointing at his brain as if he just learned something new. Text: "Can't be depressed if you've never known happiness"

If you or someone you know needs help, visit our suicide prevention resources .

If you need support right now, call the National Suicide Prevention Lifeline at 1-800-273-8255, the Trevor Project at 1-866-488-7386 or reach the Crisis Text Line by texting “START” to 741741.

A Self-care Program Just for You

Achieve your goals for this year with help from The Mighty community. Join 52 Small Things , The Mighty’s weekly self-care challenge.

Hi, I'm Juliette. I'm the former Mental Health Editor at The Mighty. I joined The Mighty because I believe storytelling is a powerful tool in raising awareness about mental health and trauma. I'm inspired every day by the brave vulnerability of our community. #MightyTogether

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Great Depression History

By: History.com Editors

Updated: October 20, 2023 | Original: October 29, 2009

New York, USA 1931. New Yorkers celebrated Christmas in 1931, with a city-wide solicitude for those touched by misfortune during the year. The Municipal Lodging House fed 10,000 persons, including about 100 women and the Police Glee Club and the Police BNew York, USA, 1931, New Yorkers celebrated Christmas in 1931, with a city-wide solicitude for those touched by misfortune during the year, The Municipal Lodging House fed 10,000 persons, including about 100 women and the Police Glee Club and the Police Band entertained them, Here a line of hungrey men waiting to enter the Municipal Lodging House on East 25th street (Photo by Rolls Press/Popperfoto via Getty Images/Getty Images)

The Great Depression was the worst economic crisis in modern history, lasting from 1929 until the beginning of World War II in 1939. The causes of the Great Depression included slowing consumer demand, mounting consumer debt, decreased industrial production and the rapid and reckless expansion of the U.S. stock market. When the stock market crashed in October 1929, it triggered a crisis in the international economy, which was linked via the gold standard. A rash of bank failures followed in 1930, and as the Dust Bowl increased the number of farm foreclosures, unemployment topped 20 percent by 1933. Presidents Herbert Hoover and Franklin D. Roosevelt tried to stimulate the economy with a range of incentives including Roosevelt’s New Deal programs, but ultimately it took the manufacturing production increases of World War II to end the Great Depression.

What Caused the Great Depression?

Throughout the 1920s, the U.S. economy expanded rapidly, and the nation’s total wealth more than doubled between 1920 and 1929, a period dubbed “ the Roaring Twenties .”

The stock market, centered at the New York Stock Exchange on Wall Street in New York City , was the scene of reckless speculation, where everyone from millionaire tycoons to cooks and janitors poured their savings into stocks. As a result, the stock market underwent rapid expansion, reaching its peak in August 1929.

By then, production had already declined and unemployment had risen, leaving stock prices much higher than their actual value. Additionally, wages at that time were low, consumer debt was proliferating, the agricultural sector of the economy was struggling due to drought and falling food prices and banks had an excess of large loans that could not be liquidated.

The American economy entered a mild recession during the summer of 1929, as consumer spending slowed and unsold goods began to pile up, which in turn slowed factory production. Nonetheless, stock prices continued to rise, and by the fall of that year had reached stratospheric levels that could not be justified by expected future earnings.

Stock Market Crash of 1929

On October 24, 1929, as nervous investors began selling overpriced shares en masse, the stock market crash that some had feared happened at last. A record 12.9 million shares were traded that day, known as “Black Thursday.”

Five days later, on October 29, or “Black Tuesday,” some 16 million shares were traded after another wave of panic swept Wall Street. Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely.

As consumer confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down production and begin firing their workers. For those who were lucky enough to remain employed, wages fell and buying power decreased.

Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. The global adherence to the gold standard , which joined countries around the world in fixed currency exchange, helped spread economic woes from the United States throughout the world, especially in Europe.

Bank Runs and the Hoover Administration

Despite assurances from President Herbert Hoover and other leaders that the crisis would run its course, matters continued to get worse over the next three years. By 1930, 4 million Americans looking for work could not find it; that number had risen to 6 million in 1931.

Meanwhile, the country’s industrial production had dropped by half. Bread lines, soup kitchens and rising numbers of homeless people became more and more common in America’s towns and cities. Farmers couldn’t afford to harvest their crops and were forced to leave them rotting in the fields while people elsewhere starved. In 1930, severe droughts in the Southern Plains brought high winds and dust from Texas to Nebraska, killing people, livestock and crops. The “ Dust Bowl ” inspired a mass migration of people from farmland to cities in search of work.

In the fall of 1930, the first of four waves of banking panics began, as large numbers of investors lost confidence in the solvency of their banks and demanded deposits in cash, forcing banks to liquidate loans in order to supplement their insufficient cash reserves on hand.

Bank runs swept the United States again in the spring and fall of 1931 and the fall of 1932, and by early 1933 thousands of banks had closed their doors.

In the face of this dire situation, Hoover’s administration tried supporting failing banks and other institutions with government loans; the idea was that the banks in turn would loan to businesses, which would be able to hire back their employees.

FDR and the Great Depression

Hoover, a Republican who had formerly served as U.S. secretary of commerce, believed that government should not directly intervene in the economy and that it did not have the responsibility to create jobs or provide economic relief for its citizens.

In 1932, however, with the country mired in the depths of the Great Depression and some 15 million people unemployed, Democrat Franklin D. Roosevelt won an overwhelming victory in the presidential election.

By Inauguration Day (March 4, 1933), every U.S. state had ordered all remaining banks to close at the end of the fourth wave of banking panics, and the U.S. Treasury didn’t have enough cash to pay all government workers. Nonetheless, FDR (as he was known) projected a calm energy and optimism, famously declaring "the only thing we have to fear is fear itself.”

Roosevelt took immediate action to address the country’s economic woes, first announcing a four-day “bank holiday” during which all banks would close so that Congress could pass reform legislation and reopen those banks determined to be sound. He also began addressing the public directly over the radio in a series of talks, and these so-called “ fireside chats ” went a long way toward restoring public confidence.

During Roosevelt’s first 100 days in office, his administration passed legislation that aimed to stabilize industrial and agricultural production, create jobs and stimulate recovery.

In addition, Roosevelt sought to reform the financial system, creating the Federal Deposit Insurance Corporation ( FDIC ) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent abuses of the kind that led to the 1929 crash.

The New Deal: A Road to Recovery

Among the programs and institutions of the New Deal that aided in recovery from the Great Depression was the Tennessee Valley Authority (TVA) , which built dams and hydroelectric projects to control flooding and provide electric power to the impoverished Tennessee Valley region, and the Works Progress Administration (WPA) , a permanent jobs program that employed 8.5 million people from 1935 to 1943.

When the Great Depression began, the United States was the only industrialized country in the world without some form of unemployment insurance or social security. In 1935, Congress passed the Social Security Act , which for the first time provided Americans with unemployment, disability and pensions for old age.

After showing early signs of recovery beginning in the spring of 1933, the economy continued to improve throughout the next three years, during which real GDP (adjusted for inflation) grew at an average rate of 9 percent per year.

A sharp recession hit in 1937, caused in part by the Federal Reserve’s decision to increase its requirements for money in reserve. Though the economy began improving again in 1938, this second severe contraction reversed many of the gains in production and employment and prolonged the effects of the Great Depression through the end of the decade.

Depression-era hardships fueled the rise of extremist political movements in various European countries, most notably that of Adolf Hitler’s Nazi regime in Germany. German aggression led war to break out in Europe in 1939, and the WPA turned its attention to strengthening the military infrastructure of the United States, even as the country maintained its neutrality.

African Americans in the Great Depression

One-fifth of all Americans receiving federal relief during the Great Depression were Black, most in the rural South. But farm and domestic work, two major sectors in which Black workers were employed, were not included in the 1935 Social Security Act, meaning there was no safety net in times of uncertainty. Rather than fire domestic help, private employers could simply pay them less without legal repercussions. And those relief programs for which African Americans were eligible on paper were rife with discrimination in practice since all relief programs were administered locally.

the great depression presentation meme

5 Causes of the Great Depression

By 1929, a perfect storm of unlucky factors led to the start of the worst economic downturn in U.S. history.

How Bank Failures Contributed to the Great Depression

Were financial institutions victims—or culprits?

9 New Deal Infrastructure Projects That Changed America

The Hoover Dam, LaGuardia Airport and the Bay Bridge were all part of FDR's New Deal investment.

Despite these obstacles, Roosevelt’s “Black Cabinet,” led by Mary McLeod Bethune , ensured nearly every New Deal agency had a Black advisor. The number of African Americans working in government tripled .

Women in the Great Depression

There was one group of Americans who actually gained jobs during the Great Depression: Women. From 1930 to 1940, the number of employed women in the United States rose 24 percent from 10.5 million to 13 million Though they’d been steadily entering the workforce for decades, the financial pressures of the Great Depression drove women to seek employment in ever greater numbers as male breadwinners lost their jobs. The 22 percent decline in marriage rates between 1929 and 1939 also created an increase in single women in search of employment.

Women during the Great Depression had a strong advocate in First Lady Eleanor Roosevelt , who lobbied her husband for more women in office—like Secretary of Labor Frances Perkins , the first woman to ever hold a cabinet position.

Jobs available to women paid less but were more stable during the banking crisis: nursing, teaching and domestic work. They were supplanted by an increase in secretarial roles in FDR’s rapidly-expanding government. But there was a catch: over 25 percent of the National Recovery Administration’s wage codes set lower wages for women, and jobs created under the WPA confined women to fields like sewing and nursing that paid less than roles reserved for men.

Married women faced an additional hurdle: By 1940, 26 states had placed restrictions known as marriage bars on their employment, as working wives were perceived as taking away jobs from able-bodied men—even if, in practice, they were occupying jobs men would not want and doing them for far less pay.

Great Depression Ends and World War II Begins

With Roosevelt’s decision to support Britain and France in the struggle against Germany and the other Axis Powers, defense manufacturing geared up, producing more and more private-sector jobs.

The Japanese attack on Pearl Harbor in December 1941 led to America’s entry into World War II, and the nation’s factories went back into full production mode.

This expanding industrial production, as well as widespread conscription beginning in 1942, reduced the unemployment rate to below its pre-Depression level. The Great Depression had ended at last, and the United States turned its attention to the global conflict of World War II.

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Great Depression: soup kitchen

What was the Great Depression?

What were the causes of the great depression, how did the great depression affect the american economy, how did the united states and other countries recover from the great depression, when did the great depression end.

Groups of depositors in front of the closed American Union Bank, New York City. April 26, 1932. Great Depression run on bank crowd

Great Depression

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Great Depression: soup kitchen

The Great Depression, which began in the United States in 1929 and spread worldwide, was the longest and most severe economic downturn in modern history. It was marked by steep declines in industrial production and in prices (deflation), mass unemployment , banking panics, and sharp increases in rates of poverty and homelessness.

Four factors played roles of varying importance. (1) The stock market crash of 1929 shattered confidence in the American economy, resulting in sharp reductions in spending and investment. (2) Banking panics in the early 1930s caused many banks to fail, decreasing the pool of money available for loans. (3) The gold standard required foreign central banks to raise interest rates to counteract trade imbalances with the United States, depressing spending and investment in those countries. (4) The Smoot-Hawley Tariff Act (1930) imposed steep tariffs on many industrial and agricultural goods, inviting retaliatory measures that ultimately reduced output and caused global trade to contract.

In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent. Because of banking panics, 20 percent of banks in existence in 1930 had failed by 1933.

Three factors played roles of varying importance. (1) Abandonment of the gold standard and currency devaluation enabled some countries to increase their money supplies, which spurred spending, lending, and investment. (2) Fiscal expansion in the form of increased government spending on jobs and other social welfare programs , notably the New Deal in the United States, arguably stimulated production by increasing aggregate demand. (3) In the United States, greatly increased military spending in the years before the country’s entry into World War II helped to reduce unemployment to below its pre-Depression level by 1942, again increasing aggregate demand.

In most affected countries, the Great Depression was technically over by 1933, meaning that by then their economies had started to recover. Most did not experience full recovery until the late 1930s or early 1940s, however. The United States is generally thought to have fully recovered from the Great Depression by about 1939.

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Great Depression , worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the United States , the Great Depression caused drastic declines in output, severe unemployment , and acute deflation in almost every country of the world. Its social and cultural effects were no less staggering, especially in the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War .

Economic history

The impact of the Great Depression on Americans

The timing and severity of the Great Depression varied substantially across countries. The Depression was particularly long and severe in the United States and Europe ; it was milder in Japan and much of Latin America. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes. Declines in consumer demand , financial panics , and misguided government policies caused economic output to fall in the United States, while the gold standard , which linked nearly all the countries of the world in a network of fixed currency exchange rates , played a key role in transmitting the American downturn to other countries. The recovery from the Great Depression was spurred largely by the abandonment of the gold standard and the ensuing monetary expansion. The economic impact of the Great Depression was enormous, including both extreme human suffering and profound changes in economic policy .

The Great Depression began in the United States as an ordinary recession in the summer of 1929. The downturn became markedly worse, however, in late 1929 and continued until early 1933. Real output and prices fell precipitously. Between the peak and the trough of the downturn, industrial production in the United States declined 47 percent and real gross domestic product (GDP) fell 30 percent. The wholesale price index declined 33 percent (such declines in the price level are referred to as deflation ). Although there is some debate about the reliability of the statistics, it is widely agreed that the unemployment rate exceeded 20 percent at its highest point. The severity of the Great Depression in the United States becomes especially clear when it is compared with America’s next worst recession, the Great Recession of 2007–09, during which the country’s real GDP declined just 4.3 percent and the unemployment rate peaked at less than 10 percent.

The Depression affected virtually every country of the world. However, the dates and magnitude of the downturn varied substantially across countries. Great Britain struggled with low growth and recession during most of the second half of the 1920s. The country did not slip into severe depression, however, until early 1930, and its peak-to-trough decline in industrial production was roughly one-third that of the United States. France also experienced a relatively short downturn in the early 1930s. The French recovery in 1932 and 1933, however, was short-lived. French industrial production and prices both fell substantially between 1933 and 1936. Germany ’s economy slipped into a downturn early in 1928 and then stabilized before turning down again in the third quarter of 1929. The decline in German industrial production was roughly equal to that in the United States. A number of countries in Latin America fell into depression in late 1928 and early 1929, slightly before the U.S. decline in output. While some less-developed countries experienced severe depressions, others, such as Argentina and Brazil , experienced comparatively mild downturns. Japan also experienced a mild depression, which began relatively late and ended relatively early.

The Great Depression Unemployed men queued outside a soup kitchen opened in Chicago by Al Capone The storefront sign reads 'Free Soup

The general price deflation evident in the United States was also present in other countries. Virtually every industrialized country endured declines in wholesale prices of 30 percent or more between 1929 and 1933. Because of the greater flexibility of the Japanese price structure, deflation in Japan was unusually rapid in 1930 and 1931. This rapid deflation may have helped to keep the decline in Japanese production relatively mild. The prices of primary commodities traded in world markets declined even more dramatically during this period. For example, the prices of coffee, cotton, silk, and rubber were reduced by roughly half just between September 1929 and December 1930. As a result, the terms of trade declined precipitously for producers of primary commodities .

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The U.S. recovery began in the spring of 1933. Output grew rapidly in the mid-1930s: real GDP rose at an average rate of 9 percent per year between 1933 and 1937. Output had fallen so deeply in the early years of the 1930s, however, that it remained substantially below its long-run trend path throughout this period. In 1937–38 the United States suffered another severe downturn, but after mid-1938 the American economy grew even more rapidly than in the mid-1930s. The country’s output finally returned to its long-run trend path in 1942.

the great depression presentation meme

Recovery in the rest of the world varied greatly. The British economy stopped declining soon after Great Britain abandoned the gold standard in September 1931, although genuine recovery did not begin until the end of 1932. The economies of a number of Latin American countries began to strengthen in late 1931 and early 1932. Germany and Japan both began to recover in the fall of 1932. Canada and many smaller European countries started to revive at about the same time as the United States, early in 1933. On the other hand, France, which experienced severe depression later than most countries, did not firmly enter the recovery phase until 1938.

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The depression. the wall street stock-market crash of 1929 precipitated the great depression, ... herbert hoover held office when the great depression began. ... – powerpoint ppt presentation.

  • The Wall Street stock-market crash of 1929 precipitated the Great Depression, ___________________________ ______________________ __________. The depression had devastating effects on the country. Many banks couldn't continue to operate. Farmers fell into bankruptcy. A quarter of the working force, or _______ __________________________________________ , and this was only the beginning. The depression lasted over a decade, with hundreds of thousands of Americans losing their jobs, businesses failing, and financial institutions collapsing.
  • Firms cut back their plans for further purchase of producer durable goods (materials) firms making producer durables cut back production out-of-work ______________________________________ __________________________________________________ ___), and firms making consumer durables faced falling demand as well.
  • Workers were idle because firms would not hire them to work their machines firms would not hire workers to work machines because they saw no market for goods and ____________________________ ______________ ___________________________________ ___________.
  • The Depression became a worldwide business slump of the 1930's that affected almost all nations ________________________________________ __________________________________________________ __________________________________________________ ____________________________. Some nations changed their leader and their type of government. In Germany, poor economic conditions led to the rise to power of the dictator Adolf Hitler. The Japanese invaded China, developing industries and mines in Manchuria. Japan claimed this economic growth would relieve the depression. This militarism of the Germans and Japanese eventually led to World War II (1939-1945).
  • In the United States, President Herbert Hoover held office when the Great Depression began. The economy continued to slump almost every month. Franklin D. Roosevelt was elected President in 1932. Roosevelt's ____________________ gave the government more power and helped ease the depression. ______________________________ __________________________________________________ _________________. This increased production provided jobs and put large amounts of money back into circulation.
  • Causes of worldwide depression
  • ___________________________
  • Expansion of production capacities and dominance of the United Sates in the global economy
  • High protective tariffs
  • ______________________________
  • Stock Market Crash (1929)
  • Impact of world depression
  • _____________________________________________
  • Bank failures and collapse of credit
  • __________________________________________
  • Nazi Partys growing importance in Germany Nazi Partys blame of European Jews for economic collapse
  • Stock Market
  • Black Thursday
  • Welfare and Public Works
  • Franklin D. RooseveltNew Deal
  • A period of uneven prosperity in the decade following World War I (1920s) was followed by worldwide depression in the 1930s. Depression weakened Western democracies, making it difficult for them to challenge the threat of totalitarianism.
  • Totalitarianism _________________________________ ______ ___________________________________________ __________________________________________. This govt seeks to control all economic and political matters, the attitudes, values, and beliefs of its population, erasing the distinction between state and society. The citizens duty to the state becomes the primary concern of the community, and the goal of the state is the replacement of existing society with a perfect society.

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