FC: The Great Depression
2: #1 | What caused the Great Depression? The Federal Reserve lowered interest rates which lead to more people borrowing money. This created inflation. Incomes went up and the price of goods and services went up. Now the economy depended on the Federal Reserve and the low interest rates. In 1929, the Federal Reserve increased interest rates. There were less loans being used and less money flowing into the economy. Then investors got nervous and started selling their stocks. The Stock Market crashed on October 29, 1929. There was no more money flowing.
3: Because of the Stock Market crash, people were scared and took their money out of the banks causing the banks to run out of money.
6: #2 | How long did the Great Depression last? The Great Depression lasted from 1930 - 1939.
7: #3 | What was life like during the Great Depression? Many people lost there houses or moved to a more urban area. Some had to make shelter out of what ever they could find; like wood from an old shed. Some people were lucky enough to keep there homes. Food was scarce for those who didn't have a good growing season, who didn't hunt, or who didn't have money. The government tried to help but they couldn't help everybody.
10: # 4 Who was affected by the Great Depression? The working people were affected by the Great Depression. Most men had a difficult time finding jobs and their wives had to find work to help support the family. Some men had trouble with this situation and left their families leaving the women to raise and support their children alone.
11: # 5 How did the Great Depression End? The Great Depression ended when the government needed more workers to make supplies for the war effort. They also needed parts to make those supplies. Factories were running hard and hiring more people to keep up with the demand of the war. This put more money in the people's pockets to buy things they needed and helped the economy grow.