FC: The Great Depression
1: What caused The Great Depression? | America was on a high after the end of World War I. Then the crash of the stock market happened in 1929. That sends the US into a tailspin. This was a picture of the stock market right after the crash.
2: In one day, 30 billion dollars vanished into thin air. Banks around the country had to close there doors and go out of business. Most of them without warning, so that meant all of the people that put money in that bank lost it. For most people that meant their whole life savings. The stock market crash was just the nail in the coffin though. There was also other factors that lead up to The Great Depression. Things like unequal distribution of wealth, high tariffs and war debts, and over production in industry and agriculture.
4: How long did the Great Depression last? | The Great Depression lasted from 1930-1939. During that time, the unemployment rate went from 9% to 25%. The number of jobless people skyrocketed to 15 million people. 9,000 banks closed their doors, which meant 9 million savings accounts were just gone.
6: What was life like the Great Depression? | It was horrendous. There was widespread hunger, poverty, and unemployment. People were malnourished and disease was rampantly growing because people did not have a healthy diet. Teenagers decided to leave home because they didn't want to be a burden to their parents, so many were "riding the rails". Homelessness was a norm.
9: Who was affected by the Great Depression? | Everyone was affected by the Great Depression; young, old, male, female, black, white. Thousands of banks closed, businesses tanked, and farmers took a major nose drive. Farmers not only had to deal with the Great Depression, but also the Dust Bowl. Even million dollar athletes lost money.
10: How did the Great Depression end? | It is not 100% conclusive on what ended the Great Depression. Two of the major factor, though, were World War II and the New Deal. The New Deal was put into action by President Roosevelt. He started programs like AAA (Agricultural Adjustment Administration) and CCC (Civilian Conservation Corp).
11: World War II helped because it boasted the economy. There was a need of jobs again. Industries were booming. Weapons and artillery were being sent overseas for the troops, along with food, which also helped the farmers. Men became soldiers and women had to keep the factories going.