FC: The Great Depression
1: We all know at least this much about the Great Depression: it was a bad time for our country. But do we really know how it all started? | In the 20s, the prices of stocks were skyrocketing. People had a lot money and life was good. But that all changed when prices and business cost went up. Businesses were having a hard time staying both competitive and profitable. This all led to Black Tuesday-- October 29, 1929. the day the stock market crashed.
2: Causes of the Great Depression: * Unequal distribution of wealth * High Tariffs and war debts * Over production in industry and agriculture * Stock market crash and financial panic
3: When did the Great Depression end? The end of the Great Depression is often marked as December 1941, about the same time that America became officially involved in World War II. Did World War II really end the Great Depression, though? Actually, the economy had been in expansion since June of 1938, two and a half years before U.S. entry into the second World War and the economy stopped expanding in February 1945, before the end of the war.
4: Life During the Great Depression Life during the depression was, to say the least, extremely difficult. And it didn't just affect poor and lower-class people. Everyone suffered. People who ate three meals a day were considered lucky. Many, many people starved to death, and others came close to it. People had no jobs, no food, no water, and barely any clothes. Several people had to migrate to other places just to survive.
16: Who was affected by the Great Depression? Everyone. Rich people and poor people alike, everyone was affected. But some were affected more than others. Women, children, and African Americans, for example, had it much worse off than others.
17: During the time of the Great Depression, African Americans had little to no money in banks, or anywhere for that matter. Before the Depression, they had enough trouble getting jobs- now it was impossible! Women of the great depression were virtually invisible- they were expected to stay in the domestic sphere; the depression was seen as an all male issue. Work was very scarce for anyone, man or woman, and women were not expected to do anything. Women were looked down upon because they took work away from men. During the Depression, 20% of America's children were hungry and without proper clothing. In some coal mining regions, the percentage of malnourished children reached as high as 90%. Thousands of schools had to close down because they lacked the money to stay open. About 3 million children between 7 and 17 had to leave school. 40% of young people from age 16 to 24 were neither in school nor working.
21: How did the Great Depression end? Some people think that the Great Depression ended when America officially entered WWII. But there is no real evidence to support this theory. A few years before the war, America had actually started to recover from the Depression. Also, President Franklin Delano Roosevelt created the programs known as the New Deal to overcome the effects of the Great Depression. These programs expanded government intervention into new areas of social and economic concerns and created social-assistance measures on the national level. The Great Depression fundamentally changed the relationship between the government and the people, who came to expect and accept a larger federal role in their lives and the economy.