FC: The Great Depression Hannah Opdenaker
1: Hannah Opdenaker Ho146932 American Explorations
2: In the 1930s, nearly nine thousand banks failed in the United States. As banks were uninsured, people lost all of their savings because of this. The banks that remained opened stopped opening loans to ensure their own safety. | There are many factors that contribute to the Great Depression. One factor is the Stock Market Crash on October 29, 1929, better known as Black Tuesday.
3: Another contributor to the Great Depression would be the Economic Policies with Europe. When businesses began failing, the government set higher tariffs on imports. Instead of helping America, this only contributed to the economic depression as many countries stopped trading with the US. | In the 1930s in the Mississippi Valley, a drought occurred causing hundreds of farmers to sell or abandon their farms and find other work. This drought became known as the Dust Bowl, and is considered another factor to the cause of the Great Depression
4: The Great Depression is said to have started on October 29th, 1929 with the crash of the stock market. | After ten long years of drought, New Deals, and economic depression, things began turning around for America. The Great Depression ended in about 1939. | In 1940, America's unemployment rate was still at 14%, but with WWII calling for troops, engineers, mechanics, and many other jobs, the unemployment rate dropped to just 2% by 1943.
5: Life during the Great Depression was not easy. In the rural Mississippi Valley, farm land was dry and desolate. Many farming families had to sell their farms, or just left them there to the dust.
6: Life During the Great Depression was undesirable. Every socioeconomic class was affected by the Depression in one way or another. | Jobs were nearly impossible to obtain during the Depression. Some farmers found work as migrant workers in California. However, they were competing with African Americans as well as other immigrants on the West Coast looking for work.
7: Many who could not find work abandoned their homes due to not being able to afford them, as well as the other luxuries of life. Those who left their homes formed up camps or "towns" as they quickly became similar in setting. | The residents of these "towns" looked to the government for financial aid, however the government failed to provide relief. President Hoover blamed the intolerable social and economic conditions. Hoover was highly unpopular in the 1930s, and these shabby towns quickly became known as "Hoovervilles", popping up all over near the outskirts major cities.
8: The Great Depression affected many different groups in many different ways. Young couples delayed marriage, because they could not afford the legal fees and life after the wedding, i.e a house or a car. | Men were affected in a sense that their traditional roles were replaced due to many losing their jobs. Some had to rely on their wives and even their children to make ends meet.
9: Minority groups like African Americans also suffered greatly during the economic depression. Typically, most employers were looking for white males. Minorities were the first ones fired, and the last ones hired. | However, some suffered very little or not at all. About 40% of Americans saw very little impact on their lives during the economic depression.
10: FDR was elected into office in 1932. He proposed many new bills and policies to try and end the Great Depression. One of his most famous ideas was the "New Deal", focusing on Relief, Recovery, and Reform.
11: Another contributing factor to the end of the Great Depression was World War Two. Soldiers, mechanics, engineers, and officers were needed at the Front, and American men and Women finally had the job opportunities to gain back what they had lost in the past 10 years.