FC: The Great Depression
1: The Crash of the Stock market created a panic throughout the nation. This day was known as Black Thursday. Although the stock market played a tremendous role, it was not the only reason our country went into a wild tailspin. In 1929 the Federal Government increased the interest rates. Because of this increase, less loans were being created and less money became difficult to flow in our economy.
2: The Great depression lasted for 12 long years. It started in 1929 and went on until 1941.
3: Life was very rough during the great depression. Many women and children lived in the streets. People had become so poor that they were forced to live in shanty houses. These towns were known as hovervilles. They were named this because they blamed the President for their problems.
4: Everyone in the United States was affected by the Great Depression in one way or another. The high class business man was affected so badly that many rather face death then have to deal with their financial troubles. People could not afford food so they would have to stand in a soup line were they would be served very little food. Many people starved to death or died from disease.
5: The Great Depression finally ended around the late 1930's. At this point in time the United States entered World War II. The demand for supplies gave the United States economy a huge boost! With such a demand for weapons and other forms of supplies, many factories needed more and more help. This need for employees gave many people a hope and a chance at life again.