These essentially U.S. developments were echoed, in varying degrees, in Britain and Europe. falling prices) was limited to 1930-32 and 1938-39. The Works Progress Administration part of the Roosevelt Administration's New Deal sponsored the Federal Art Project, the Public Works of Art Project, and the Section of Painting and Sculpture which employed many American artists and helped them to make a living during the Great Depression. It saw the international financial system collapse, beginning with the Wall Street Crash of 1929, the largest stock market crash in American history, and an economic downfall called the Great Depression that had a traumatic effect worldwide, leading to widespread unemployment and poverty, especially in the United States, an economic superpower, and Germany, who had to deal with the reparations regarding World War I. Over the next nine years, Roosevelt’s New Deal created a new role for government in American life. World War II helped end the Great Depression when governments spent money for the war effort. The government offered no insurance or compensation for the unemployed, so when people stopped earning, they stopped spending. When Roosevelt took office in 1933, he acted swiftly to stabilize the economy and provide jobs and relief ...read more, The Social Security Act, signed into law by President Franklin D. Roosevelt in 1935, created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans. Different historians and economists offer different explanations for the crisis. By June, Roosevelt and Congress had passed 15 major laws–including the Agricultural Adjustment Act, the Glass-Steagall Banking Bill, the Home Owners’ Loan Act, the Tennessee Valley Authority Act and the National Industrial Recovery Act–that fundamentally reshaped many aspects of the American economy. Presidencies and provinces of British India, presidencies and provinces of British India, Internal Macedonian Revolutionary Organization, Eighteenth Amendment to the United States Constitution, Entertainment during the Great Depression, Timeline of events preceding World War II, "Inflation and CPI Consumer Price Index 1930-1939", "Howard R. Hughes, Jr.--The Record Setter". Also in Latin America Symbolism and Magic Realism were important movements. Fashion trendsetters in the period included The Prince of Wales (King Edward VIII from January 1936 until his abdication that December) and his companion Wallis Simpson (the Duke and Duchess of Windsor from their marriage in June 1937), socialites like Nicolas de Gunzburg, Daisy Fellowes and Mona von Bismarck and such Hollywood movie stars as Fred Astaire, Carole Lombard and Joan Crawford.
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