BC: A Gibson Book
FC: The Great Depression By Arthur Gibson
1: The Great Depression began in 1929 when the stock market crashed. It would last till 1941 at the beginning of World War II. If you were to ask someone, "What caused the Great Depression?" most of them would say greed. But that is not true. Greed happened all the time in the stock market today. What really happened was people where getting so many loans and using credit that they were not able to pay it back.
2: As you can see in the above chart, in 1929 it dropped then started climbing when people started to panic and sell all there stocks. It them dropped steadily till in late 1932, it hit rock bottom.
3: Many Americans blamed Herbert Hoover. Hoover was President from 1929 to 1933. He lost America's trust when he would say that it was almost over and that he would fix it all.
4: Many people also blamed President Calvin Coolidge for the stock Market Crash.
5: People began to build little shacks and soon they became quite large. They were nick-named "Hoovervilles" Here we see a Hooverville in Central Park.
6: Here is a picture of a Hooverville in Seattle, Washington. Seattle was home to one of the largest and longest lasting Hooverville.
7: During the time of the Great Depression, many people lost all of there possession, including there homes. They were forced to live out in the streets.
8: Here is a picture of a Hooverville in Sacramento California.
9: The Great Depression lasted 12 years. It was Americas poor time. People all over America lined up to receive food from soup kitchens
10: Before to long, banks could no longer stay open and had to close. It often resulted in a bank run.
11: People had to barely scrape by. The picture above is a family enjoying there Christmas dinner.
12: People all over the United States lost there jobs and began to walk from town to town trying to find work. Many small towns lost everything and started to crumble.
13: Here we see a family with everything they have. This was often the sight on all the roads all over America. Most people didn't even had a car and only took what they could carry.
14: In the 1932 Elections FDR won against Hoover in a landslide. The Electoral vote was 472-59.
15: FDR promised a "New Deal" to put people to work and to stimulate the economy.
16: FDR slowly started to rebuild America by starting government operated organizations to put people to work. He created the Works Progress Administration or the WPA. He also created the
17: The Civilian Conservation Corps or the CCC built many different landmarks that we see today. Much of the state parks in PA were made by the CCC. Above is a picture of Cowens Gap State Park in PA which was built by the CCC. The CCC built the lake you see and the dam where the picture was taken
18: Not only was America affected, Great Britain as well as many other European nations. They were also trying to re-stimulate the economy.
19: Not only was America fighting the Great Depression, but at the same time massive winds where sweeping across the mid-west, destroying crops and homes and putting more people on the streets.
20: The Great Depression that had lasted 12 years, ended on December 7th, 1941 when Japan attacked Pearl Harbor. A peace time economy turned into a war time economy overnight. Soon all the factories where back up and running to help the war effort.
21: In the cartoon above, FRD is leading the boys off to war and off to work. The Great Depression was finally over.