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How much did U.S. industrial production fall between 1929 and 1933?

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A long line of unemployed men in coats and hats stands outside a soup kitchen in Chicago, with a storefront sign reading Free Soup, Coffee and Doughnuts for the Unemployed. — Great Depression Unemployed men standing in line outside a soup kitchen, Chicago.

Between 1929 and 1933, industrial production in the United States fell by 47 percent. This steep decline was a defining characteristic of the Great Depression, which saw the U.S. economy experience its most severe downturn in modern history.12