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Great Depression

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Great Depression - Page Text Content

1: The Great Depression

3: On Friday, October 29, 1929 the stock market crashed.

4: While it is popular belief that the stock market crash was the sole contributor to the Great Depression, but that's not true. Several things contributed to the Great Depression.

6: One of the reasons for the Great Depression was that banks were failing right and left. During the '30s upwards of 9,000 banks closed their doors. | When banks failed, because none of the policies and such were insured, many people lost all of their savings and loans. The banks that pulled through started to turn away people who wanted to take out loans, when before they would have been more willing to provide you with a loan.

7: Another contributor to the Great Depression was that people stopped buying things after the stock market crashed. The lack of purchasing items, meant the reduced production of those items. This led to people losing their jobs because the work just wasn't available.

8: The Great Depression lasted a long and painful nine years.

9: Life was very hard for many people. Many who lost their jobs, also lost their homes, thus leaving them homeless.

10: Everyone was affected by the Great Depression. Many lost everything and became pea pickers just to try and provide for their families.

11: Many men who lost their jobs did everything they could to make some sort of income to provide for their families. Relief checks only did so much.

12: For farmers who lived off their means had to look for other work too, because the drought dried up much of the crops.

13: The people who worked as pea pickers suffered too.

15: Because of the failure of the pea crops, some workers, like this woman, had to sell their tents, just to have money for food.

16: For African Americans things were even more difficult. It was more difficult for them to get jobs, or even to receive any sort of support or relief.

17: The main reason for everything being more difficult for them was because we were still segregated.

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Sarah Stuart
  • By: Sarah S.
  • Joined: almost 9 years ago
  • Published Mixbooks: 1
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About This Mixbook

  • Title: Great Depression
  • School project on the Great Depression.
  • Tags: None
  • Published: almost 9 years ago