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Poverty in the 1930’s. Taylor Connor Beth Schultz B2. Employment and Finances. At the lowest point in the Great Depression, in 1933, 25% of the workforce was unemployed. This amounted to about 15 million people. 9,000 banks went out of business and 86,000 businesses failed.
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Poverty in the 1930’s Taylor Connor Beth Schultz B2
Employment and Finances • At the lowest point in the Great Depression, in 1933, 25% of the workforce was unemployed. This amounted to about 15 million people. • 9,000 banks went out of business and 86,000 businesses failed. • The cash income of a black family rarely reached $100 a year.
Agricultural • 1in 4 farms were sold during the depression to meet financial obligations. • Sharecropping families ended up in more debt than before from this system, while the landowners flourished with crops and money. • 3 million black sharecroppers out a total 8.5 million, suffered greatly through the great depression. • Effects of sharecropping included: Poor health, illiteracy, low farming skills, dependence and lack of expectation.
Vocabulary • Sharecropping: • Poverty:
Citations. “Great Depressionin the South”. Novelguide.com, 2009. Web. 27 Oct. 2009. <http://www.novelguide.com/a/discover.egd_02/egd_02_00487.html>. Schenk, Robert. "A Case of Unemployment." Ingrimayne.com. Web. 27 Oct. 2009. <http://ingrimayne.com/EconomicCatastrophe/Great Depression.html>. Sharecroppers. Novelguide.com, 2009. Web. 27 Oct. 2009. <http://www.novelguide.com/a/discover.egd_02/egd_02_00473.html>. "Poverty in the 1920's". Prosperity and Thrift. 27 October, 2007. <http://memory.loc.gov/ammem/coolhtml/ccpres07.html>. "USA Depression". Indian Child.com. 27 October, 2007. <http://www.indianchild.com/the_great_depression.htm>.