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During the 1930s, the world experienced an unprecedented economic recession. This event is known as the Great Depression, which may be the "pessimism" to which you refer. In the United States, the Market Crash of 1929, or Black Tuesday, was the primary event of the economic downturn.

If you are referring to the population "feeling pessimistic," a causal analysis originating with the Great Depression is an appropriate answer. During this time, unemployment was 25% in the United States with many living "hand to mouth"-a saying which originated from the Great Depression lifestyle in which whatever food a person could desperately grab went directly from their hand to their mouth. Less work meant less income and as a result, people could not afford the luxuries or leisure activities which satisfied them and therefore became pessimistic.

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