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Causes and Changes of the Great Depression

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S: The Great Depression

BC: Created by: Courtney Ebner ce108787 American History 2-3

FC: Causes and Changes During the Great Depression

1: There were was more than one cause of the Great Depression. One of the main causes was when the Stock Market crashed on October 29, 1929. This day became known as Black Tuesday. Some of the other causes were the failure of the banks, drought conditions, our economic policies with Europe, and the drop of prices in stock.

4: The Great Depression lasted from 1930-1939. During this time over 9,000 banks were closed and a many as 9 million people lost their savings accounts. The unemployment rate at its highest was 25%.

5: Life during the Great Depression was hard on many people. Many people such as farmers were having a hard time because of the drought. Since the crops were not growing they were not able to pay off their loans and often lost their farms. The unemployed looked for work in California but there were a lot of migrant workers that not everyone was able to get a job. Many families had sold their houses and all their possessions and lived in tents with other families.

6: The people that were hit the hardest during this time were the farmers, African Americans, women, and the workers who did not have a steady job.

7: The Depression ended when Franklin D. Roosevelt or FDR started to set up new programs to help the people. This was called the New Deal. One of the things that FDR had Congress do was to end prohibition. Another thing was he declared a four day holiday for the banks so people did not withdraw money from the banks.

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Courtney Ebner
  • By: Courtney E.
  • Joined: over 5 years ago
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  • Title: Causes and Changes of the Great Depression
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  • Published: over 5 years ago

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