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By Jade Forman, Kelsey Feeney, Jillian Ciferri and Nick Carageane. The Great Depression. Black Tuesday. Took Place on October 29 th , 1929 This was the day U.S. stocks suddenly collapsed Stock Market people began to lose trust in the economy and reluctant to borrow money.
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By Jade Forman, Kelsey Feeney, Jillian Ciferri and Nick Carageane The Great Depression
Black Tuesday • Took Place on October 29th, 1929 • This was the day U.S. stocks suddenly collapsed • Stock Market people began to lose trust in the economy and reluctant to borrow money. • People who lost everything on Black Tuesday had no money to use for commodities • Demand decreased along with prices, which primarily caused the Great Depression
WWII’s Affect on the Economy • World War II put an end to the Great Depression in 1945 • WWII boosted the stock market and mobilized the unemployed which aided the economy • The war provided a unique demand for entirely new industries such as planes and cars • Financing all of those investments helped lead the country out of the depression • WWII provided jobs for millions of people in the U.S. • It created jobs in factories for making war products • Soldiers were paid and sent money home • Women began to work outside the home
Presidential Election of 1933 • Franklin Delano Roosevelt was elected president in 1933 • During his presidency, he focused on the three “R’s”: relief, recovery and reform • He implemented the Agricultural Adjustment Act which cut farm production in order to raise farming prices
The New Deal • The New Deal was a series of domestic programs enacted in the U.S. between 1933 and 1938 Laws and programs were passed in response to the Great Depression and focused mainly on: Recovery of the economy and normal levels Reform of the financial system to prevent a repeat depression Relief for the unemplo-yed and poor
The Dust Bowl • The Dust Bowl was a period of severe dust storms between 1931 and 1939 in the southern plains • The ground was so loose, winds were easily able to pick up topsoil and the winds swirled it into dense dust clouds called “Black Blizzards” • By the end of the Dust Bowl 180,000 tons of soil had been picked up by storms and hundreds of acres of land were damaged Areas hit hard were: • Colorado • New Mexico • Texas • Oklahoma • Kansas
The Dust Bowls Affect on the Southern Plains • Farmers were losing money due to their farmers being swept away or damaged by the black blizzards • The sand polluted the air causing people to choke to death • Farmers made their living with these farms and they ended up losing all their cash crops, animals and even people to these storms
Agricultural Affects of the Dust Bowl • Severe droughts affected the land in the south making the top soil dry and loose • The economy was already declining due to the Great Depression, so the Dust Bowl added more fuel to the depression
Our Prediction • We also think that the houses will be run down and many people will be in poverty because this book took place during the Great Depression, which was a time when everyone had very little money. • We believe Scout’s classmates will act jealous and cruel to her because her father is successful