S: The Great Depression
FC: The Great Depression 1929-1933
1: MARKET CRASHES PANIC HITS!
2: UNEQUAL DISTRIBUTION OF WEALTH HIGH TARIFFS AND WAR DEBTS OVER PRODUCTION IN INDUSTRY AND AGRICULTURE | CAUSES OF THE GREAT DEPRESSION: Many circumstances caused the Great Depression. In the 1920s life was prosperous for many people, but it was an illusion. People bought stocks on a gamble and bought items on credit. As prices soured in the stock market, so did business costs. Businesses were having a hard time staying both competitive and profitable. This led to the beginning of Black Tuesday, October 29, 1929. A week later, Black Thursday, October 29th - prices sank to a new low. Thousands of people were forced to sell their stocks at huge losses. Banks suffered significant losses. Loans could not be paid back and people took their money out. Between 1930 and 1932 more than 5,000 banks closed.
3: CAUSES OF THE GREAT DEPRESSION CONTINUED: Business Failures were suffered by many people. Bankruptcy and unemployment were a result of this. | GLOBAL DEPRESSION Economic trouble in Europe and the world caused world trade to decline and war debts high in Europe.
4: HOW LONG DID IT LAST? The Great Depression lasted five years. This deep economic downturn gripped the U.S. from 1929 until the beginning of World War II.
5: WHAT WAS LIFE LIKE DURING THE GREAT DEPRESSION?
6: Some 1.5 million people were unemployed. This caused grave poverty. People could not put food on the table. In the city, citizens fought for scraps of garbage. They had to wait in bread lines for soup and bread. Children suffered from malnutrition. In the country, farmers had more goods than they could sell. Families started moving all their relatives in a small house together to survive. Others lost their homes and land to travel elsewhere. | Many people went homeless and had to live in shacks and tent cities. To escape their troubles, Americans sought affordable entertainment, such as, Baseball, Radio programs and books. | WHAT WAS LIFE LIKE?
8: WHO WAS AFFECTED: All people were affected by the Great Depression. Minorities were effected. African Americans were hit hard, and Mexican American, because of racial discrimination. Women went back to work because employees could pay them less than men. Farmers were unable to make their mortgage payments.
12: HOW DID THE GREAT DEPRESSION END? Americans blamed President Hoover for not doing enough to prevent or improve the country. Citizen protests started up everywhere. They protested pension for the war and racial injustice. The Presidential election had a change of leader. Roosevelt became president in hope that he could recover the nation.
14: the end
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