BC: The End!
FC: The Great Depression
1: What caused the Great Depression?
2: The Great Depression has no singular cause, but rather many factors that added up. The major factor leading into the Great Depression was the stock market crash in 1929. Two months after the crash, stockholders had lost a total of $40 billion. During this time, banks began to fail and people lost their savings. Banks that survived were afraid to lend out money, which did not help the already hestitant public. Unemployment shot up to 25% and the economy suffered because no one wanted to spend any extra money they may have.
3: There was also a drought that affected the crops and farmers. Farm life was extremely difficult due to low prices and scarce crops.
4: How Long Did the Great Depression Last?
5: The Great Depression lasted from 1930-1939.
6: What was life like during the Depression?
7: Life during the Great Depression was difficult and challenging. Unemployment rates soared and left many families in poverty. The Great Depression changed family dynamics for many people. Many teens put off getting married and moving out, and relatives moved in together and shared a home and food. Communities pulled together and shared resources as well.
8: Who was affected by the Great Depression?
9: Everyone was affected by the Great Depression. The hardest hit people were African Americans and more specifically, African American women. Many people believed that white people should be employed before blacks, and women had barely any education or rights. Most women worked as domestic slaves for small wages.
10: How did the Great Depression end?
11: The Great Depression ended with New Deal programs reviving the economy. The First New Deal was introduced by Roosevelt's administration. It included an Emergency Banking Act, an Economy Act, and the Federal Housing Administration. The Second New Deal included the Social Security Act, and the Fair Labor Standards Act. Through these programs, the economy and banks were stabilized. Americans were also taken care of through the social security programs.