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The Great Depression

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The Great Depression - Page Text Content

1: What Caused the Great Depression? To put is simply stocks all over the world crashed. When people started not being able to pay their loans back to the banks, the banks started closing. Then businesses couldn't sell anything because nobody would buy anything and they were forced to lay-off workers.

2: How Long Did it Last? The Great Depression started in 1929 and lasted until WWII.

3: What Was life like? As you can imagine, life was very hard during this time. The unemployment rate went through the roof, people lost their jobs, some lost their houses, or everything they owned. People didn't have the money to buy basic needs for their families. | It was harder for blacks because they were still put below others, so if a job did open up there would be almost no chance he or she could get it.

4: Who Was Affected? | Everyone was affected in one way or another. Even the rich could not avoid the Depression. Families lost all that they owned, sometimes even their homes. Some had to live in tents in the middle of nowhere. Others lived in abandoned shacks and barns. African-Americans and blacks were always placed behind whites in most everything like jobs when they opened and places to stay.

6: How did It End? Franklin D. Roosevelt was elected president. After he was elected he started the New Deal. He closed the banks a few days, Congress created the FDIC in 1933, Roosevelt created the FCA in 1933, and the HOLC in 1936. The biggest relief was the FERA in 1933, it distributed $500 million to families, governments and relief funds.

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Zachery Howell
  • By: Zachery H.
  • Joined: almost 9 years ago
  • Published Mixbooks: 1
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About This Mixbook

  • Title: The Great Depression
  • What caused the great depression? How long did it last? What was life like during it? Who was affected? How did it end?
  • Tags: None
  • Published: almost 9 years ago