Great Depression 7.7.E
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- THE GREAT DEPRESSION OF 1929 CREATED UNPRECEDENTED DISASTER ACROSS THE U.S. THE WIDESPREAD DROUGHT KILLED CROPS AND LIVESTOCK ACROSS THE NATION.
- ONE OF THE WORST DROUGHTS IN HISTORY STRUCK THE GREAT PLAINS IN 1934 CAUSING THE WINDS TO CREATE THE DUST BOWL.
- ABOUT 2.5 MILLION PEOPLE FLED THE PLAINS STATES AND MOVED TO CALIFORNIA. THIS MEANT ENTIRE FAMILIES DESPERATE FOR INCOME AND SAFETY FROM THE WIND STARTED OVER AT THE BEGINNING OF A WORLDWIDE ECONOMIC COLLAPSE.
- AMERICAN BANKS DEALING WITH INFLATION HAD STARTED TO RUN OUT OF MONEY. SINCE THE YEARS PRIOR THE AMERICAN ECONOMY HAD BEEN FOUNDED ON CREDIT THE BANKS NO LONGER HAD ENOUGH MONEY TO STAY OPEN.
- CLOSED
- AMERICA'S BANK
- IN THIS SPEECH MADE BY PRESIDENT HOOVER HE ESSENTIALLY ASSURES AMERICA THAT EVERYTHING WILL BE FINE...WHICH WAS NO THE CASE AT ALL.
- The ultimate result of it is a complete isolation of the stock market phenomenon from the general business phenomenon. In other words, the financial world is functioning entirely normal and rather more easily today than it was 2 weeks ago, because interest rates are less and there is more capital available.-NOV. 5, 1929
- MOST AMERICANS AND FAMILIES WERE FORCED TO LIVE IN HOUSES PUT TOGETHER WITH SCRAPS. OFTEN MANY FAMILIES WOULD LIVE TOGETHER IN HOMELESS NEIGHBORHOODS CALLED "HOOVERVILLES"
- THE GREAT DEPRESSION AFFECTED EVERYONE IN THE U.S. AND WAS A TURNING POINT IN OUR HISTORY AS A NATION AND AS A PEOPLE
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