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Mnemonic Learning XIIIEffects of the Depression<br />What were the effects of the Depression on America?<br />
BUST UP<br />B -	Banks closed<br />U -	Unemployment<br />S -	Savings lost<br />T -	Taking Homes<br />U -	Unhappy Public<br...
B – Banks closed<br />Banks had invested in shares and lost money customers had placed with them.   <br />People withdrew ...
For those in work wages were cut by 25%.
Many took to the roads to find work becoming tramps or Hobos.</li></li></ul><li>S – Savings Lost<br />For ordinary people ...
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Mnemonic learning Y11 - 8 effects of depression

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Mnemonic learning Y11 - 8 effects of depression

  1. 1. Mnemonic Learning XIIIEffects of the Depression<br />What were the effects of the Depression on America?<br />
  2. 2. BUST UP<br />B - Banks closed<br />U - Unemployment<br />S - Savings lost<br />T - Taking Homes<br />U - Unhappy Public<br />P - Pensions (Bonus Army)<br />
  3. 3. B – Banks closed<br />Banks had invested in shares and lost money customers had placed with them.   <br />People withdrew their money and people who had borrowed money to invest couldn’t pay it back.   <br />In 1929 alone more than 700 collapsed.<br />U - Unemployment<br /><ul><li>1929 to 1933 unemployment went from 3% to 25% of the country.
  4. 4. For those in work wages were cut by 25%.
  5. 5. Many took to the roads to find work becoming tramps or Hobos.</li></li></ul><li>S – Savings Lost<br />For ordinary people who put their trust in the banks they lost all their savings.<br />T – Taking homes<br /><ul><li>In an attempt to recover some of their money banks began to call in their loans.
  6. 6. People had to sell their possessions and homes.</li></li></ul><li>U – Unhappy Public<br />Herbert Hoover the president believed in ‘rugged individualism’ – that they should not interfere with people’s lives.<br />Millions of Americans blamed Hoover and all the problems of the depression.<br />“In Hoover we trusted, now we are busted!”<br />P – Pensions (Bonus Army)<br /><ul><li>The Bonus army were ex-soldiers who wanted their pension paid early to help them with the depression.
  7. 7. Between 15,000 – 20,000 veterans marched to Washington DC and set up a Hooverville.
  8. 8. The army was called in to disperse the Bonus Army and 2 veteran were killed and over 1000 injured.</li>

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