The ten-year period which followed the stock market crash of October 1929 is referred to as the Great Depression. This period is considered to be the worst and most difficult time of Modern American History by business historians. Unemployment was as high as 27% Among White Americans and reached 60% among African Americans. In Mississippi, on a single day in 1932, one quarter of the entire state was auctioned off. -Read the rest of this article here!