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The Great Depression

The Great Depression. On October 29 th 1929 the stock market crashed known as “Black Tuesday.”. Since many banks had also invested large portions of their clients' savings in the stock market, these banks were forced to close when the stock market crashed.

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The Great Depression

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  1. The Great Depression

  2. On October 29th 1929 the stock market crashed known as “Black Tuesday.” Since many banks had also invested large portions of their clients' savings in the stock market, these banks were forced to close when the stock market crashed.

  3. Many Americans rushed to the banks to withdrawal their money and this caused even more banks to close from the huge withdrawal of money.

  4. Many businesses were also affected. They lost the majority of their money and had to cut back on their employees, hours, and wages. This made the unemployment percent to rise to 25%

  5. All cities were affected by the great depression especially those dependent on heavy industry Their was no sign of recovery until 1933 The president at the time of the recovery was Franklin D. Roosevelt

  6. The Dust Bowl

  7. Years and years of farming with the drought caused the grass to disappear. With just topsoil exposed, high winds picked up the loose dirt and whirled it for miles.

  8. The dust storms destroyed everything in their paths, leaving farmers without their crops.

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