Who Was Walt Disney

The Great Depression was a period of global economic devastation between 1929 and the late 1930s. The Great Depression began on Thursday, October 24, 1929, when the stock market crashed, forcing many companies to close and many banks to declare bankruptcy.

Without these companies, people lost their jobs, and without banks, people could not retrieve their savings. As many as 25% of Americans were suddenly unemployed. Walt’s studio not only survived this disaster but also thrived, in part because struggling Americans sought escape in the entertainment that Disney offered.

World War I was an international conflict that involved countries all across the globe. It was primarily fought between two factions: the Allies and the Central Powers. The main countries of the Allies included France, the British Empire, Italy, Russia, and, later, the United States. The Central Powers comprised Germany, Austria-Hungary, and the Ottoman Empire. The conflict ended with a victory for the Allies. The fighting officially stopped with the Armistice of November 11, 1918.

World War I destroyed many areas of Europe, but the fighting itself did not extend to the United States, sparing the US from the material damages suffered by many European countries, though many US soldiers did lose their lives fighting in Europe. Walt was too young to join the war as a soldier and arrived in France after it had already been liberated.