Economic Depression

(in great amounts)

The Crash

    It started out as any other day would. It was Tuesday, October 29, 1929. It showed no sign of the horrible snowball effect that was about to happen. The Stock Market crashed. It was the end of a six year period of prosperity in the United States. This was one of the few events that started the Great Depression.

    With the Stock Market Crash, companies weren't able to make as much money off of the same amout of production. Drastic times call for drastic measuers; they had to start laying off workers. More than 12 million people were out of jobs and had no way of obtaining income and contributing to being a consumer, which ment they weren't helping the stock market. Peiple began to sell apples on the streets for five cents a piece. Also, for companies, this meant that they didn't have enough people to produce their product. Two months after the initial crash, the stock market began to make a recovery, but it was to far gone. It continued for the next ten years.

(The Graph of Unemployment)
1930's

What Just Happened?

    When the Stock Market crashed, the price of stocks fell to far less than what they were originally. The reason the price of stocks fell is because of the amount of people who sold their stocks for little to no money, as fast as they could before they weren't worth anything. Since many people had borrowed money to buy their stocks in the first place, they were soon unable to pay off debts because they made no money off of their stocks. 

   Since people rapidly rushed to the banks to withdrawl all of their assets, the banks ran out of money fast. With no banks having any sort of funds, the people of America were left with no money; only a simple slip of paper that stated that the bank owed them.

   Not only did the customers of the bank suffer from the econimic drop in the banks, the banks themselves began to rapidly loose their own investments and stocks.

Dusted Bowl

The physical disaster of the thirties.

The clouds of dust that terrorized the mid-plain would sometimes block out the sun.

the sever drought dried up the land and made it extremelly difficult for life to be substained.

    The Dust Bowl was caused by the winds of the mid-west blowing the top soil all over the place. Since many of the people who had come west to start a farm left when they had little success, much of the nutriant rich top soils were left in the hot, unforgiving, mid-west drought.

   The Dust Bowl made it hard for children and elderly to survive. The dust would enter people's lungs and cause terrible breathing problems. The dust was so thick, that when it settled, crops and live stock would be burried under the effects.

Comment Stream