S: The Great Depression
FC: The Great Depression
1: The Great Depression started in the first few months after Black Tuesday, when the majority of the stock markets crashed. Other factors that caused the Great Depression was the unequal distribution of wealth, over production of industry and agriculture, high tariffs and war debts. Early on, the president thought that the worst was over and that the country would overcome the loss quickly. It soon turned out to be worse, becoming what is known as The Great Depression.
2: The Stock market Crash of 1929 contributed to the Great Depression, but was not the only cause. Billions of dollars lost in the crash brought on the failure of many banks. Banks that survived were very selective of who received new loans. Purchasing in many markets stopped due to the uncertainty of the economy. People hoarded their money which did not help the banks any. People lost their jobs and many lost everything they had. The Smoot-Hawley Tariff was enacted to help protect American businesses, but due to the high tax for imports, the number of imports declined. A drought also occurred in the 1930s which added to the already hard times.
3: The great Depression was a worldwide economic hardship that started after 1929 and continued on until 1941, lasting 12 long years.
4: Life during the Great Depression was devastating. Unemployment was at an all-time high. Also at an all-time high was the poverty sweeping across the nation and people were starving. People lost everything they had and lived wherever they could find shelter. Many shanty towns appeared across the country as people tried to travel to different locations in the country in search of a better life. People learned to survive on little to nothing. Families took care of one another.
5: The Great Depression effected all people. No one was not affected in some way. It did not matter if you were a business man, a factory worker, a farmer, a migrant worker, a coal miner or what race your were. Times were tough for all.
6: The Great Depression came to an end with the aid of Theodore Roosevelt's New Deal programs. The programs brought created jobs for millions across the country.
7: The Great Depression came to an end with the aid of Theodore Roosevelt's New Deal programs. The programs brought created jobs for millions across the country. Some of the programs included the following: Civilian Conservation Corps (CCC) - constructed buildings and trails in the nation's parks Federal Housing Administration (FHA) - helped regulate the mortgage industry and improve the housing conditions Federal Security Agency (FSA) - established several government agencies including social security, federal funding and the food and drug safety Tennessee Valley Authority (TVA) - one of the largest providers of electricity Works Progress Administration (WPA) - the largest New Deal program