Great Depression, in United States history, the period between the stock market crash of October 29, 1929, and the outbreak of World War II. During this time, the United States experienced its most severe economic decline. Most other nations were similarly affected.
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The economy had crashed. The nation was still recovering from World War I, and World War II was on the way. How did the railroad industry manage to make it through the Great Depression?
Railroads of the 1920s reflected a time of uncertainty in the industry at the time. Technology greatly improved train transportation, but the Great Depression brought about a bust in the industry. Learn more about the railroads of the 1920s.