FC: The Great Depression
1: The Great Depression was ultimately caused by greed. More specifically, however, the Great Depression can be attributed to unequal distribution of wealth, high tariffs, war debts, and extreme inflation that led to the crash of the stock market and subsequent financial panic.
3: The Great Depression started in 1930 with the fall of the stock market, lasting until to 1939.
4: The trading floor of the New York Stock Exchange just after the crash of 1929. On Black Tuesday, October twenty-ninth, the market collapsed. In a single day, sixteen million shares were traded--a record--and thirty billion dollars vanished into thin air.
5: Police stand guard outside the entrance to New York's closed World Exchange Bank, March 20, 1931. Not only did bank failures wipe out people's savings, they also undermined the ideology of thrift.
6: Make-shift house during the Great Depression.
7: Tent shelter for a migrant farm family during the Great Depression.
8: Pea pickers' camp area.
9: Another pea picker camping post.
10: Freight car converted into house in "Little Oklahoma," California. February, 1936.
11: Squatters, people settled under government regulation in the Mexican section in San Antonio, Texas. House was built of scrap material in vacant lot in Mexican section of San Antonio, Texas. March 1939.
12: Porch in shambles.
13: Men gathered under a small shack in New York City, NY.
14: Yet another shack during the Great Depression.
15: Bud Fields and his family in Alabama in 1935 or 1936.
16: Man preparing a turtle for his meal.
17: As you can see, life during the Great Depression was extremely difficult, as poverty, unemployment, and hunger overwhelmed many.
18: A mother and her children during the Great Depression.
19: Right: Refugee family during the Great Depression. | Left: Waiting for the semimonthly relief checks at Calipatria, Imperial Valley, California. Typical story: fifteen years ago they owned farms in Oklahoma. Lost them through foreclosure when cotton prices fell after the war. Became tenants and sharecroppers. With the drought and dust they came West, 1934-1937. Never before left the county where they were born. Now although in California over a year they haven't been continuously resident in any single county long enough to become a legal resident. Reason: migratory agricultural laborers.
20: Unemployment was rampant during the Great Depression. Many men lined government funded employment daily jobs, which were limited.
21: World War I veterans block the steps of the Capital during the Bonus March, July 5, 1932 (Underwood and Underwood). In the summer of 1932, in the midst of the Great Depression, World War I veterans seeking early payment of a bonus scheduled for 1945 assembled in Washington to pressure Congress and the White House.
22: Everybody, women, children, and men, both working-age and retired, all struggled extensively during the Great Depression.
23: FDR initiated many of the changes and innovations that helped America get out of the Great Depression.
24: FDR creating the "New Deal," inflating the money supply, and spending on the deficit eventually brought the U.S. out of the Great Depression. WWII was the last push the U.S. needed to get out of the Great Depression.