FC: The Great Depression By: Samantha Zubler
1: What caused the Great Depression?
2: Some of the main causes of the Great Depression was the unequal distribution of wealth. In other words, some people had a lot of money, and many other people have very little money. Another main reason for the Great Depression was high tariffs and war debts. There was also an overproduction in industry and agriculture. Then the stock market crashed and everyone panicked rushing to sell their stocks before they lost all of their money.
4: How long did the Great Depression last?
6: The Great Depression lasted 10 whole years. From 1930 to 1939 stocks went down to 40%,. 9,000 banks went out of business and 9 million saving accounts were wiped out.. 8,600 businesses failed and the wages of workers were decreased by an average of 60%. The unemployment rate went from 9% to about 25% with about 15 million jobless people.
9: What was life like during the Great Depression? | During the Great Depression many people suffered with widespread hunger, poverty and unemployment. This also caused a world wide economic crisis. Many people were homeless with no money. If people did have money they would stop spending it and would save more. That is why there was less production and fewer jobs. Then America, to help get money, made the Smoot Hawley Tariff which set a higher tax on foreign goods. This hurt America, because other countries simply just stopped trading with them.
10: Children: | The children were also impacted by the depression. Many unemployed fathers saw children hired for sub-standard wages. In 1930 around 2.25 million boys and girls ages 10-18 worked in factories, canneries, mines, and on farms. Children had to leave school just to help make money to support the family.
11: Middle Class: | Some middle class people managed to hold their homes together by taking in borders, bartering, and stretching every dollar they had. Some didn't have any city water, only well water. Many didn't have gas. Some couldn't keep their homes and would be provided a shack to live in. Some weren't even provided with a shack.
12: Rural Areas: | Farmers had a hard time because the price of crops was very low. Many farmers could not pay back the loans they took out for farms and houses during more prosperous time and would loose their homes and farms. After the Great Depression went on for a while the Red Cross stepped in to help. They would hand out food and other things needed during this time. | City Life: | Many people were in crowded, unheated, and dirty tenements. When farmers lost their jobs they would move into the cities. Homeless people would crowd in to try to keep warm during the winter. At the peak of the depression, 17,000 families had to live on the street each month. | Men: | When a husband or father couldn't provide for his family he would sometimes feel ashamed and humiliated, so many men abandoned their families and became homeless wanderers.
14: Who was affected by the Great Depression? | Everyone was affected by the Great Depression. Men, women, children. Farmers, and people who lived in cities. People of every class, every race, every color. Different people were affected differently. Many of the lower classed suffered more because they had less, or no money to buy any food or supplies. People with more money could buy those things when they needed them. Men and women lost their jobs. Children dropped out of school to help with the family. Many people became homeless because they could not pay back loans. Everyone was affected by the Great Depression, but some were affected more than others.
17: How did the Great Depression end?
18: One cause for the end of the depression was the new deal. These deals helped regulate wages and prices, which helped many families so that they could buy the supplies and food they needed. Another reason the Great Depression ended was because of World War II. Germany started fighting against many other European countries and they turned to get America to help them make supplies. After the bombing at Pearl Harbor, the United States entered the war. This caused for many people at home to help make supplies in the factories. The desperate need for soldiers, pilots, workers to make ammunition, weaponry, and air/sea craft all helped to end the Great Depression. The war caused the economy to go back up, and the country was back on it's way to restoration.