Economic Problems Of The 1930s

Joe, Landon

What do you think the economic concerns were in the 1930s?

What do you think were some of the effects of the economic concerns in the 30s?

How people were affected from the drop in economy

As you can see, many people were fired from their jobs and were forced out on the streets with their families. Life wasn't that great for the people of the 1930's, they were starving, homeless, poor, and sad.

How this all started

"It was triggered by the fall of stock prices in between September and October of

1929 culminating into the stock market crash that occurred on the renowned black

Tuesday on October 29, 1929 (Klein, 1947). It thereafter rapidly spread to the rest of the

world." 1st article

Some Effects

"Many businesses went bankrupt." Article 2

How life was like in the 1930s

"...life was bad, life was terrible, life was god-awful"(Rob Edelmen) Article 3.

People had it rough, no where to go, no family, no job, nothing. The only thing the people had in the 30s, was themselves.

The Dirty 30s

"As if the losses of money and jobs alone weren't enough to turn off the people's trust in business, the early days of the Dirty Thirties exposed cases of bent corporate practices akin to the Enrons and WorldComs of our time. Courts sentenced a dozen top brokerage executives, convicted of defrauding clients and corporations, either to pay large fines and serve short jail terms, or vice versa. The magazine's editorial of January 1931, scolds: "Our high standards of business ethics have received rude shocks during the past twelve months and, to be perfectly frank, the dishonest practices of a few unscrupulous individuals...have made the legitimate seeking of capital somewhat difficult."(Carl Mollins) (article 4) Shows how the thirties were a bad time for the economy. It was hard for people to trust everything the were doing with their money.

Modernization

"This article examines the emergence of “modernization”—the remodeling of existing buildings—as a

significant part of architectural practice in the United States in the 1930s. It shows how the Great Depression spurred interest in modernization among architects and building material manufacturers. It reveals how architects reconsidered the scale, scope, and substance of professional practice."(Gabrielle Esperdy) (article five) modernization started around the 1930s because they needed money and jobs so by modernizing everything, it helped the crisis a lot.

MLA Format

1. BALI, Selçuk. "COMPARISONS BETWEEN THE LONG DEPRESSION, THE GREAT DEPRESSION And THE GLOBAL FINANCIAL CRISIS." International Journal Of Management Economics & Business / Uluslararasi Yönetim Iktisat Ve Isletme Dergisi 8.16 (2012): 223-243. Academic Search Complete. Web. 8 Apr. 2013.

2.Armstrong, Monica D. "From The Great Depression To The Current Housing Crisis: What Code Section 108 Tells Us About Congress's Response To Economic Crisis." Akron Tax Journal 26.(2011): 69-105. Academic Search Complete. Web. 8 Apr. 2013.

3.Edelman, Rob, et al. "1930s: The Way We Lived." Bowling, Beatniks, and Bell-Bottoms: Pop Culture of 20th- and 21st-Century America. Ed. Cynthia Johnson and Lawrence W. Baker. 2nd ed. Vol. 2: 1920s-1930s. Detroit: U*X*L, 2012. 531-549. Student Resources In Context. Web. 8 Apr. 2013

4. Mollins, Carl. "The Dirty 30S." Canadian Business 76.4 (2003): 51. MasterFILE Premier. Web. 12 Apr. 2013.

5. Esperdy, Gabrielle. "The Odd-Job Alleyway Of Building: Modernization, Marketing, And Architectural Practice In The 1930S." Journal Of Architectural Education 58.4 (2005): 25-40. Academic Search Complete. Web. 8 Apr. 2013.

6. Pictures from google.com




Questions!

What were some of the effects of the economic crisis?
A. loss of homes B. Unemployment C. Business Bankruptcy D. All of the above
What triggered the crisis?