The Great Depression Ruth Anne Tennyson Prepared for ED 195 AAM Project.

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Presentation transcript:

The Great Depression Ruth Anne Tennyson Prepared for ED 195 AAM Project

Causes of the Great Depression The “Roaring Twenties” was a time of economic boom in the United States. Increased mechanization in manufacturing Increased mechanization in manufacturing Increased buying on credit Increased buying on credit Increased investing in stock market Increased investing in stock market Rising personal debt Rising personal debt

Stock Market Crashes! Ever rising investments in the stock market could not be sustained. Stock market crashes on Black Tuesday, October 29, 1929.

Impact on Families 44% of all banks failed. 44% of all banks failed. Farm prices fell by 53%. Farm prices fell by 53%. Value of industrial stocks decreased by 80%. Value of industrial stocks decreased by 80%. Result: one out of four people were out of work. Result: one out of four people were out of work. (from Historical Statistics of the United States)

Poverty President Hoover underestimates the impact of the crash. No government programs offered assistance to businesses, banks, or families.

Homelessness Many families lost all of their savings when banks failed. Homes and possessions had to be sold.

Bread Lines With no government relief agencies in existence, many families had to stand in long bread lines hoping to receive food.

Racism African American families faced increased discrimination during this time of economic struggle in our country.

Percent of Unemployment Year African AmericansWhites

Jim Crow Laws enforced segregation of African Americans. Schools Schools Restaurants Restaurants Trains and other public transportation Trains and other public transportation Hospitals Hospitals Grocery stores Grocery stores Cemeteries Cemeteries

African American schools in the South

Segregation also existed in many other public places.

The Decade of the 1930’s This social climate provides the historical background for our novel Roll of Thunder, Hear My Cry.

Credits All photos are courtesy of the Library of Congress All photos are courtesy of the Library of CongressLibrary of CongressLibrary of Congress And the American Memory Collection. And the American Memory Collection.American Memory CollectionAmerican Memory Collection