THE GREAT DEPRESSION 1929-1939

Stock market crash… The united states stock market crashed on October 29, 1929, thus beginning the great depression. The stock market is the exchange of money for part ownership of stocks of a company. At the end of august 1929, production of goods had declined and unemployment began to rise. Also, are nation had gotten into a lot of bad debt because of large bank loans that people were unable to pay back and low wages.

Black Tuesday continued…. On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.

the causes of the great depression People buying things on credit. After the market crashed people lost their jobs and homes. Overproduction of goods.

The effects of the great depresison People were not able to pay back their loans causing banks to close. People living in Hoovervilles, Named after president Herbert hoover. Caused loss of jobs. Hoovervilles were named after the president at the beginning of the great depression, Herbert hoover. He believed the great depression could fix itself without any help needed from the government. He believed states would fix their own problems and people would volunteer to help those in need.

why did most farmers move during this time period? Farmers also known as migrants moved during this time period towards the west, mainly California looking for jobs. Farmers could no longer pay for their land because they no longer were earning money for selling production because they no longer had anything to do produce. Dust storms and droughts stopped all food from growing which is why farmers could no longer produce anything. farmers would have to sell their animals in order to make it is long as they could before they had to give up their land and move west.

States in the dust bowl area. Kansas Oklahoma Texas New Mexico Colorado

Use map to pick dust bowl states

How franklin d. Roosevelt pulled America out of the great depression The new deal was a group of government programs and policies designed to improve conditions for people suffering from the great depression. The emergency bank relief act was a bill passed by f.d.r that shutdown all u.s.a banks for 4 days for inspections to stabilize money and earn peoples trust back. Fire side chats were a series of evening radio broadcasts from F.D.R in order for him to communicate directly to the citizens as often as they needed him to.

Tennessee valley authority Tennessee river valley’s forests had been cut down for lumber or for land for farming. When the trees were cut down the water ran off the land carrying topsoil with it making farming difficult. the water that ran off the land ran into rivers causing them to flood which caused loss of lives and property. In 1933, the Tennessee valley authority was passed to control floods, improve navigation, produce electricity, reforest lands, and encourage agricultural and industrial development. This act greatly improved everyday life for people in seven states and created lots of jobs.

list all states that have principal tva dams. Alabama Tennessee Kentucky North Carolina