3. The Great Depression

Although the 1930s are typically associated with the Great Depression, it continued into the 1940s as well and was not declared to be officially over until 1947. During this time, unemployment rates reached a staggering 25 percent and poverty was rampant. The decade also saw the emergence of social welfare programs such as Social Security, which provided financial assistance to individuals and families in need.

The Great Depression was a major global economic downturn that had long-lasting effects, particularly in the United States. It caused extended unemployment, poverty, and financial hardship for millions of people around the country. In order to combat these issues, the federal government implemented new policies and programs such as Social Security which provided financial assistance to individuals and families in need. These programs helped to provide relief during a difficult period and laid the groundwork for future social security and welfare policies.