The Great Depression


October 1929

New York City's Stock Market Crashes.

The "Crash" begins October 24th (Black Thursday). This placed millions of Americans out of work. Masses of people tried to sell their stock, but no one was buying. An estimated $30 billion in stock values will "disappear" by Mid-November. Since banks also invested a large portion of their clients' saving in the stock market, these banks were forced to close when the Stock Market crashed. People were afraid to lose their money. Many people rushed to banks to withdraw their money, which also made banks shut down. The people who didn't reach the bank became bankrupt. Businesses had to lay off workers. Other businesses had to shut down.

Rode The Rails

Many unemployed people hit the road in search for jobs, traveling from place to place. People had cars, but most hitchhiked or "Rode The Rails". A large portion of people who rode the rails were teenagers, but there were also older men, women, and entire families who rode in this manner. When there was a job opening, there were often literally thousands of people applying for the same job.

May 1934: The Dust Bowl

Farmers were usually safe from severe effects of depression cause they could feed themselves. Unfortunately, during the Great Depression, the Great Plains were hit hard with both a drought and horrendous dust storms, creating what became known as The Dust Bowl. The farmers who had lost their homes and land usually headed west to California, were they heard rumors of Agricultural jobs. But, although there was some seasonal work, the conditions for these families were transient and hostile.

Herbert Hoover

The United States economy broke down during the presidency of Herbert Hoover. People blamed hie for The Great Depression. Shanty towns were named "Hoovervilles". New Papers were known as "Hoover Blankets". Pockets of pants turned inside out, were called "Hoover Flags". Broken down cars pulled by horses were known as "Hoover Wagons". During the 1932 presidential election, Hoover did not stand a chance at reelection and Franklin D. Roosevelt won in a landslide. To many people at the time Roosevelt was a Hero.

November 1940

The United States will enter the war in the Pacific and in the Europe. The war effort will jump-start the United States Industry and end The Great Depression.
The Great Depression

Works Cited

"American Experience: TV's Most-watched History Series." PBS. PBS, n.d. Web. 12 Apr. 2013.

"Causes of the Great Depression." Causes of the Great Depression. N.p., n.d. Web. 11 Apr. 2013.

Rosenburg, Jennifer. "The Great Depression." 20th Century History. N.p., n.d. Web. 11 Apr. 2013.