BC: Hope you enjoyed! Thanks for taking the time to look through this Mixbook about the Great Depression. 'U'
FC: The Great Depression
1: What caused the Great Depression in the first place? | One of the main reasons the Great Depression happened was because the Federal Reserve increased interest rates on money borrowed. | Because the stock was doing so good, people were borrowing money to put invest into the stock market. | People were borrowing money from the federal reserve. Because so many people were borrowing from it, they decided to raise the interest for loans from the federal reserve.
2: Since there was a rise in interest rates, less people borrowed money to put into the stock market. | Less money went into the stock market and thus it started going down. People saw this coming and frantically started selling their stocks. | Because of all the money being taken out with less investors and shares being sold, the market crashed.
3: Picture of the Toronto Stock Exchange the day of the Market Crash.
4: The big stock market crash happened on October 29th, 1929. The Great Depression ended around the mid-1940's. | The Great Depression had a giant effect on people. Many Farmers had to foreclose their farms, families were left homeless, and many men, women, and children had to eat in soup kitchens.
5: Photo of a Farm that has foreclosed. You can see how the Great Depression has effected the condition of the Farm.
6: Picture of men waiting in line at a soup kitchen.
7: A family forced to live in a tent and leave their home.
8: A homeless family walking along a dirt road.
9: Since the banks defaulted, they couldn't give people their money back. This caused people who had money in the banks to suddenly lose it all! | This affected not only the poor and middle class, but also the rich, even if they weren't investing. This is because rich people still had money in the banks. They lost it all when everyone else did. | This catastrophe wasn't partial to anyone. No matter what your race, gender, or age was. Everyone got hit just the same. Even if you didn't have money in the banks, prices skyrocketed. You still had to pay the huge prices.
10: A migrant worker on the California highway. | Crowd of people standing outside a bank
11: A Family that packed all their possessions into trucks looking for work.
12: A family leaving South Dakota due to a severe drought.
13: The great depression was ended by World War 2. The jobs that were created to produce supplies for the war helped lower unemployment and start the recovery of the great depression.
14: A young girl making supper on an old stove, likely for her family.
15: A squatter who stayed there for 3 years.
16: "Oakies" on their way to California after their topsoil blew away in the dust bowl. | Migrants sitting in their car.
17: Man washing his hands in a bowl outside. | Crowd of unemployed marching down a street in New Jersey
18: Men standing in the streets unemployed, hoping they could find a way to feed their families.
19: A family Christmas dinner during the great depression.
20: Family walking 30 miles to see family!
21: A wagon belonging to a group of carrot pullers for hire.