2. Stock market crash on Black Tuesday, 1929
Closure of the banks
High unemployment rates (As high as 20%- one out of
every five people were jobless).
The dust bowl in the early 1930s, for it caused a shortage
of agricultural produce, as well as making life difficult in
the south.
Herbert Hoover’s
granting of false hope to
the American people.
3. People frantically retrieving their money from the banks,
but the banks did not have all the people’s money, called
the Bank Run.
Large amounts of deflation due to unemployment; the less
people had money, so the worth of every dollar increased
dramatically.
Increased suicides due to depression.
Increased national hunger due to job loss.
National loss of jobs.
Decrease in commerce and overall welfare.
4. President Franklin Roosevelt created the New Deal to improve
the economy during the Great Depression.
Series of programs and experiments to restore prosperity to
America
Stop people from withdrawing money from the shaky banks
for four days
Making it legal for Americans to buy beer
Laborers are able to bargain for higher wages and better
working conditions
The New Deal brought the Government directly in economic
affairs
5. The global economy suffered along with America’s, for
America was a very important participant in the commerce
of the world at the time.
The Great Depression’s timing varied across the world, but
most started around 1930 and lasted until the late
1930s/early 1940s.
6. Information Sources:
Digital History. N.p., n.d. Web. 8 Apr. 2014.
<http://www.digitalhistory.uh.edu/era.cfm?eraid=14&smtid=1>.
"The Great Depression (1929-1939)." The Great Depression (1929-
1939). N.p., n.d. Web. 8 Apr. 2014.
<http://www.gwu.edu/~erpapers/teachinger/glossary/great-
depression.cfm>.
PBS. PBS, n.d. Web. 5 Apr. 2014.
<http://www.pbs.org/wgbh/americanexperience/features/general-
article/dustbowl-great-depression/>.
Picture Sources:
http://www.balkanplumbing.com/media/stock-market-crash-
1929.jpg
http://blogs.cas.suffolk.edu/history182/files/2013/03/second-
great-depression.jpg
http://upload.wikimedia.org/wikipedia/commons/5/54/Lange-
MigrantMother02.jpg
https://depts.washington.edu/depress/images/hoovervilles/hoovervi
lle3.jpg