FC: The Great Depression
1: The Great Depression: With bank failures and stock market crashes, more than 9,000 banks failed, and stockholders lost billions of dollars. | What caused the Great Depression?
2: The Great Depression did not only affect the U.S. it affected the rest of the world too. Regardless of gender, age or social class. | Who was affected?
3: In some views, the depression was due to unequal distribution of wealth, industries had more money than farms.
4: 25-30% of the workforce was now unemployed | What was life like?
5: In an attempt to recover, the U.S. passed a series of tariffs that didn't help at all. One of the tariffs set up high taxes on foreign goods, which caused lower trading with other countries.
7: Schools were shut down because they lacked money. Children sometimes became Box Car Kids if they didn't want to be forced into child labor. Hoping trains was dangerous and if the trains were moving and someone slipped up, well there aren't many hospitals around train tracks.
8: Often people would sell their homes and live in tents or derelict buildings. | People would also put off essential things like medical health and proper clothing.
9: If you were lucky you wouldn't have to share your "house." If you weren't you could be living with several other families.
10: Families who had not put all of their money into the stock market would take in borders. In addition of taking in borders, families would have vegetable gardens and farm animals. | Women during the depression were still expected to look after the children. The husbands were suppose to be the primary bread-winner. Women had to make ends met by being as frugal and creative as possible.
12: When Roosevelt took office he passed several acts to improve the economy. | By 1936 Roosevelt believed the worst was over and began cutting the spending and relief programs. The result was another recession from 1937-1938. | How did the Depression end?
13: Roosevelt then made the New Deal, which gave funding for farms, regulate industry and the rights of labor to bargain collectively. Then WW2 started and men left to fight the war, which let women once again join the workforce. In the end the depression lasted from 1929-1939. | How long did the Depression last?