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The Great Depression, lasting from 1929 to 1939, began with the stock market crash in October 1929, leading to widespread unemployment and a severe economic downturn affecting millions of Americans and farmers alike. This crisis, primarily driven by the aftermath of World War I and exacerbated by droughts, led to a global economic slump. With unemployment skyrocketing and people facing unimaginable despair, the memory of this era still resonates today. Explore the causes, implications, and recovery efforts of a defining moment in global history.
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The Great Depression Indi Stevens, Caroline Hartley, Caleb Kiger, Thomas Hatling, Calvin Lenham, Andrew Reider, and Sean Johnson
When? • In October 1929, the stock market crashed leaving hundreds of people unemployed. By 1933, millions of Americans were unemployed. This was mainly because of the war and cost of it. Thousands of investors lost thousands of dollars. The Great Depression basically lasted from 1929 to 1939.
Where? • This all started in the United States and spread around the world until the late 1930’s. The farmers of the US were probably the most affected. First, their income went up 50% because of the need for vegetables. Then, after all that had happened, a drought came. Droughts do not help crops at all. In the 1930’s, the depression became a worldwide slump.
Why? • The unemployment was caused by the stock market crashing. The stock market crashed on a Thursday, Black Thursday. Many people were laid off, which led to decrease in world trade. An increase in tax to try to get more money also led to less world trade.
“It was a time of utter despair, nearly unimaginable today. The memory of those years still lives in the minds of people who experienced unemployment, insufficient food, homelessness and lost family wealth. “ ~Franklin Roosevelt
3 Useful Websites: • 1: http://www.english.illinois.edu/maps/depression/overview.htm • 2: http://www.42explore2.com/depresn.htm • 3: http://www.nps.gov/archive/elro/glossary/great-depression.htm
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