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The Great Depression

The Great Depression. Grade 4 Social Studies Unit: 10 Lesson: 02. Causes: The Great Depression. The Stock Market is a place people buy (invest) money in companies in hopes that they will earn more money.

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The Great Depression

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  1. The Great Depression Grade 4 Social Studies Unit: 10 Lesson: 02 TESCCC 2012

  2. Causes: The Great Depression • The Stock Market is a place people buy (invest) money in companies in hopes that they will earn more money. • October 29, 1929 – known as Black Friday – the stock market “crashed” (stopped working to make people money). • Banks failed and people lost all their money. • Drought (no rain) conditions in the central U.S. caused agriculture to fail. TESCCC 2012

  3. Effects: The Great Depression • $26 billion that had been invested in the Stock Market was lost! • 25% of people in the U.S. were eventually unemployed. TESCCC 2012

  4. Effects: The Great Depression • In 1930 Texans did not feel the impact right away. • Many Texans had farms or worked on farms, so they could grow food and not go hungry. • The oil industry was still flourishing. • Construction was still growing. TESCCC 2012

  5. Effects: The Great Depression • However, in 1931, oil prices fell. • As the depression worsened across the United States in 1931 and 1932, Texans eventually had to recognize that the Great Depression was a worldwide economic crisis. TESCCC 2012

  6. Effects: The Great Depression • Banks closed and people lost all their money, and some families found themselves homeless. • Cotton prices dropped to 5 cents a pound. • People lost their farms and their jobs. http://www.erroluys.com/HowAmericansHelpedEachOtherDuringtheGreatDepression.htm TESCCC 2012

  7. Help: The Great Depression • Private charities were set up to help the poor. • In major cities, soup kitchens and bread lines began to spring up where the homeless and starving could be fed. Source: http://www.history.com/photos/soup-kitchens-and-bread-lines/photo4 TESCCC 2012

  8. Help: The Great Depression • Civilian Conservation Corps, (CCC) • Government funded work relief program for young men • Built recreational parks and worked in forest and soil conservation projects • Workers were given food, shelter, and $30 a month. • Workers lived in barracks much like a military camp. • $25 had to be sent home to their families. TESCCC 2012

  9. help: The Great Depression • Public Works Administration (PWA) • Government funded work relief program for unemployed men • Hired to build canals, tunnels, bridges, highways, streets, sewage systems, as well as hospitals, schools, and universities • Housing was built for people in poverty. TESCCC 2012

  10. Help: The Great Depression • Works Progress Administration (WPA) • Government agency that hired workers to build public buildings and roads • Employed artists, writers, actors and directors in large arts, drama, media, and literacy projects • 600,000 people in Texas were helped by the WPA. TESCCC 2012

  11. The Great Depression • When World War II began, the effects of The Great Depression began to decline. • Millions of workers were hired to work in the factories that built war materials such as airplanes, guns, tanks, and ammunition. • Due to 17 million people being employed in the war effort, the economy began to improve. TESCCC 2012

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