FC: Great Depression Mixbook | Elizabeth Pierson ep126000 AM HIS MWF 11-12
1: A foreclosed farm for sale. | Family of a sharecropper.
2: The underlying cause of the Great Depression were people's want for money and greed. The economy was in a boom after World War I and with electricity becoming more readily available, electric appliances were a hot item. New cars came out and with all of these new items came the idea of purchasing on credit. You could purchase an item with little or no money down and pay payments with interest until the item was paid off. This allowed people to purchase items without having the money to pay for them, and after excessive purchasing, many people went into debt. The same was with stock, people bought and sold stock to make a quick buck, some even borrowed money to buy stock hoping to make more than they borrowed. Because so many people were buying things they couldn't pay for, the economy took a downturn for the worst. Someone in the stock market got spooked and immediately thousands of people began to remove their stock from the market, causing it to crash on Black Tuesday, October 29. 1929. | What caused the Great Depression?
4: A bank after the stock market crash.
5: Streets filled of outraged people. | The stock exchange after the crash.
6: How long did the Great Depression last? | The great depression lasted from about 1929 to the late 1930s and early 1940s. It began with the stock market crash on October 29, 1929 and lasted just about up through World War II. It was a worldwide economic depression, not just in the United States.
7: A line outside of an unemployment office during the Great Depression.
8: What was life like during | Life during the Great Depression was tough. Unemployment rates rose from 5 million in 1930 to 13 million in 1932. Families in rural America were hit the hardest. Fathers lost their jobs and couldn't support their families. Children were getting factory jobs for half the money of men and left school to support their families. In the plains the Great Depression was known for as the Dust Bowl because it was so dry that dust would blow and winds would knock over crops. Farmers lost everything, they had to leave their homes to move away from the dust storms. In suburban America, families couldn't pay rent so they moved from place to place trying to keep a home. Others shut of their water, gas, and electricity to save money.
9: the Great Depression? | People saved wherever they could so they could hold onto their homes and keep their families safe. Men worked less hours for much less pay, women had to save money at home by getting creative. They planted gardens and bought only the things they needed. Some women worked but it was for short hours and mostly seasonal jobs. Children, if not working or helping mom at home, would often look for free entertainment like board games, dice, baseball, and listening to the radio if they had one. This depression made people live within their means and many more people became conservative with their money and resources.
12: Who was affected by the Great Depression? | Everyone was affected by the Great Depression. Families struggled, fathers and mothers lost their jobs, worked fewer hours and their income was cut in half. Children often left school to work or help on the farm. Business owners and stock owners lost money, business and sometimes had to close their doors. Migrant workers, also affected, fled to California with other residents during the Dust Bowl in search of work in a milder climate. In California the climate was still mild so crops could grow. African Americans, out of all the races, were hit hardest. Nearly half of blacks around the county lost their jobs. Racial violence and lynchings increased dramatically during this time. Everyone was affected by the Great Depression in some way, shape, or form, some worse than others.
13: A black family during the Great Depression. | People relocating to find a better life.
14: Two jobless men. | Hungry children.
15: Migrant workers. | Family.
16: How did the Great Depression end? | President Hoover created plans to get America back on its feet. When Americans were demanding that the Federal Government help the needy, Hoover said that success comes through individual effort. Meaning that people will succeed if they earn something themselves and don't get it as a freebie. Hoover created programs to help farmers be self sufficient and created a plan to fix the financial situation. The country got back on its feet and began to see economic improvement right before the start of World War II.
17: Hitler, Germany's military leader at the start of WWII. | Women in the fields. | Sign promoting optimism during the Great Depression.