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Great Depression

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Great Depression - Page Text Content

S: The Great Depression

FC: The Great Depression An Event That Rocked A Nation

1: What caused the Great Depression? | Trading floor at NY Stock Exchange, just after the crash.

2: On Oct. 24, 1929, now known as Black Thursday, the stock market crashed.The market then crashed for a second time, about five days later, on a day later known as Black Tuesday. Two months after the original crash, on Black Thursday, investors had lost more than 40 billion dollars. In this day and age, this is a huge amount of money, but back then it was even larger sum.

3: A Policeman stands guard outside of New York 's closed World Exchange Bank

4: Another cause of the Great Depression was the failing of the banks. Banks failed due to the following reasons: The McFadden Act of 1927, which limited the size a bank could grow to, because they had to stay within their state. Loans were the next cause, because people borrowed money from the banks that they could not pay back, so they would default on the loans. Finally, panic issued from the stock market crash, made people pull their money from the banks, which only made more banks close. Other causes include: Unequal distribution of wealth High tariffs and war debts Over production in the industry and agriculture

6: How long did the Great Depression last, and how did it end?

7: Farmer and his son Cimarron County, Oklahoma

8: The Great Depression lasted from 1929 to when the US entered WW2 in 1941. By entering the war this allowed factories to open up and start to produce weapons, which allowed them to hire workers, which allowed Americans to start to earn money again.

10: What was life like during the Great Depression, and who was affected?

11: LIfe during the depression was one filled with much strife, and hard times. Men could not find work, which meant that they could not feed their families. This also meat that many families had to live on the streets in places called Shanty or Squatter towns.

14: In 1930 the Mississippi Valley experienced a severe drought that left farmers in hock, because they could not pay their taxes, or other debts. Many farmers then sold their farms to make a profit.

18: Soup Kitchens were set up to try and help feed starving families, especially the children.

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  • By: Katelyn L.
  • Joined: over 9 years ago
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  • Title: Great Depression
  • What was the Great Depression and what caused it.
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  • Published: over 9 years ago