US History "The Great Depression begins"

Families during the depression

Family and Home, Impact of the Great Depression on. The Great Depression challenged American families in major ways, placing great economic, social, and psychological strains and demands upon families and their members. ... Both working-class and middle-class families were drastically affected by the Depression.

Stock Market in Trouble

Image result for stock market in trouble great depression The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States (acting as the most significant predicting indicator of the Great ...

Herbert Hoover

President during the stock market crash and the start of the Great Depression, 1928-1932;

Franklin D. Roosevelt

President of the United States during most of the Depression and most of World War II.

Short term causes of the great depression

Rising debt led to restrictions on new loans, which led to scarce credit, less borrowing, lower prices, more bankruptcies, and so on (Samuelson, 1). The spiral downward of trade, investment, people's confidence, and the economy began. Many economists agree that the Great Depression began with the Stock Market Crash in October of 1929. Stock values plummeted, stockholders were wiped out, banks and factories shut down, and millions of Americans were left jobless and penniless. Although the Stock Market Crash in October of 1929 certainly began the Great Depression, there were many events that led to the gradual decline of the economy. During the prosperous 1920's, bank failures, together with low incomes among farmers and factory workers, helped set the stage for the depression. Uneven distribution of income among workers also contributed to the slump.

How did FDR think the government should respond to the great depression

Roosevelt's mandate for change was so sweeping that he immediately went to work to restore confidence in the US economic system. His program was called The New Deal.

Cities in the depression

The Depression hit hardest those nations that were most deeply indebted to the United States, i.e., Germany and Great Britain. In Germany, unemployment rose sharply beginning in late 1929, and by early 1932 it had reached 6 million workers, or 25 percent of the work force.

Blacks and Hispanics during the depression

The Great Depression of the 1930s worsened the already bleak economic situation of African Americans. They were the first to be laid off from their jobs, and they suffered from an unemployment rate two to three times that of whites. In early public assistance programs African Americans often received substantially less aid than whites, and some charitable organizations even excluded blacks from their soup kitchens.

Farmers during the Depression

The Great Depression that caused so much trouble in the world during the 1930s ended only with the boom caused by World War II. For American farmers however, the downturn began shortly after World War I ended, continuing mostly unabated for two decades. During the Great War, agricultural production was way down in the European countries where the fighting was taking place, demand for food was high and prices paid for grain rose dramatically. In 1913, U.S. farmers harvested more than 50 million acres of wheat (with an average yield of 15.2 bushels per acre), and got $0.79.9 per bushel for the crop. At the peak in 1919, 75.7 million acres were harvested with a somewhat diminished yield of 12.8 bushels per acre, but the high price of $2.14.9 per bushel.

Society in Trouble

The Social Effects of the Great Depression encompassed the social consequences of the prolonged economic stagnation of the Great Depression (1929 - 1941) and a dramatic change of many beliefs, customs, practices, behaviors and lifestyles. The traumatic era transformed American society in relation to the social effects of unemployment, living conditions, education, health, the quality of life and the impact and social effects on individuals and their families.

The Great Depression

a time period during the 1930s when there was a worldwide economic depression and mass unemployment 1929-1939

How did Herbert Hoover think the government should respond to the great depression

commitment to small government led him to stand by and do nothing while the economy collapsed in the wake of the 1929 stock market crash. The reality is quite different. Far from being a bystander, Hoover actively intervened in the economy, advocating and implementing polices that were quite similar to those that Franklin Roosevelt later implemented. Moreover, many of Hoover's interventions, like those of his successor, caused the Great Depression to be "great"—that is, to last a long time.

Causes of the Great Depression

credit buying, overproduction, less consumer spending, falling stocks 1. Tariffs on foreign goods 2. The availability of easy credit 3. A crisis in the farm sector over production, weakness in the banking system, and people going bankrupt

Farmers in Trouble

farmers struggled with low prices all through the 1920s, but after 1929 things began to be hard for city workers as well. After the stock market crash, many businesses started to close or to lay off workers.

Consumers in Trouble

income uncertainty also caused a decline in non-durable goods spending. Income uncertainty didn't peak till the following year after the gold standard crisis of Sept, 1931 which caused even more decline in spending for durable and non-durable goods alike. Here is a general information demonstrating the change in consumer expenditures from 1928 to through 1933. This information is based on 1987 dollars but still gives an excellent idea of the change.

Long term causes of the great depression

workers reduced their spending to hold down their debts, the amount of money in circulation decreased, and business became even worse. The Stock Market Crash was an immediate cause of the Great Depression, but there were many long-term causes that gradually weakened the economy.