by, Logan Foley 7th period Bucska
The Great Depression causes widespread hardship
What were the causes of the Great Depression?
- The stock market crash of 1929.
- Federal Reserve’s failure to prevent widespread collapse of the nation’s banking system in the late 1920s and early 1930s, leading to severe contraction in the nation’s supply of money in circulation
- High protective tariffs that produced retaliatory tariffs in other countries, strangling world trade (Tariff Act of 1930, popularly called the Hawley-Smoot Act)
How did the depression affect the lives of Americans?
- Unemployment and homelessness
- Collapse of financial system (bank closings)
- Decline in demand for goods
- Political unrest (growing militancy of labor unions)
- Farm foreclosures and migration
This is the most famous picture of the great depression
This picture symbolizes the pain and suffering the people went through in the great depression