The document summarizes the key events of the Great Depression from the late 1920s through the 1930s. It describes how the stock market crash of 1929 led to widespread unemployment as people could no longer afford luxuries. Farmers were also deeply impacted by declining crop prices. As many lost their homes and farms, shanty towns nicknamed "Hoovervilles" emerged. The situation worsened in the 1930s with droughts destroying crops in the South and creating massive dust storms. When Franklin D. Roosevelt took office in 1933, unemployment had skyrocketed to over 7 million and many were struggling to survive, but his New Deal programs began offering relief and hope.

2. 1929-1939
• Stock market
crash
• Didn’t realize
the effect it
would have
• No money to
replenish what
was borrowed
Many found being broke
humiliating.

3. The Roaring 20’s
• The new concept of
“credit”
• People were buying:
– Automobiles
– Appliances
– Clothes
• Fun times reigned
– Dancing
– Flappers
– Drinking

4. Why was this bad?
• Credit system
– People didn’t really have
the money they were
spending
• WWI
– The U.S. was a major
credit loaner to other
nations in need
– Many of these nations
could not pay us back

5. The Stock Market
• People bought stocks
on margins
– If a stock is $100 you
can pay $10 now and
the rest later when the
stock rose
• Stocks fall
– Now the person has
less than $100 and no
money to pay back

6. And then….
• With people panicking
about their money
investors tried to sell
their stocks
– This leads to a huge decline
in stocks
– Stocks were worthless now
• People who bought on
“margins” now could not
pay
• Investors were average
people that were now broke

7. • Herbert Hoover was
president at the start
• Philosophy: We’ll
make it!
• What He Did: Nothing
• The poor were looking
for help and no ideas
on how to correct or
help were coming

8. • Farmers were already feeling the effects
– Prices of crops went down
– Many farms foreclosed
• People could not afford luxuries
– Factories shut down
– Businesses went out
• Banks could not pay out money
• People could not pay their taxes
– Schools shut down due to lack of funds
• Many families became homeless and had
to live in shanties

10. Many waited in unemployment
lines hoping for a job.

11. People in cities would wait in line for
bread to bring to their family.

12. Some families were forced to relocate
because they had no money.

13. “Hooverville
”• Some families were
forced to live in
shanty towns
– A grouping of shacks
and tents in vacant
lots
• They were referred to
as “Hooverville”
because of President
Hoover’s lack of help
during the depression.

16. A drought in the South lead to
dust storms that destroyed crops.
“The Dust Bowl”

17. The South Was Buried
• Crops turned to dust=No food to
be sent out
• Homes buried
• Fields blown away
• South in state of emergency
• Dust Bowl the #1 weather crisis
of the 20th century

19. Two Families
During the
Depression

20. A Farm Foreclosure

21. Some families tried to make money by
selling useful crafts like baskets.

22. *FDR*• When he was
inaugurated
unemployment had
increased by 7
million.
• Poor sections (like
Harlem) had 50% of
the pop. unemployed
• Instated the “New
Deal”
• Yea! Frankie!

23. • People everywhere were
effected by the depression
• It wasn’t till President
Roosevelt took over and tried
to put the economy back
together that people even saw
a glimmer of hope