Great Depression How were most people impacted? Vicious Cycle diagram

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Presentation transcript:

Question: How did one day create widespread suffering and a worldwide depression?

Great Depression How were most people impacted? Vicious Cycle diagram INDIRECTLY Vicious Cycle diagram

Great Depression Unemployment: Underemployment: hours/ wages cut 1932--1:4, more than 13 million! First to go: Underemployment: hours/ wages cut Decreased people’s willingness/ ability to spend Businesses fail due to decreased consumer spending

Great Depression Migration Many move to find work… cities, CA, etc Adds to homeless pops Hoovervilles Increased competition for jobs-> decreased wages

Great Depression Dust Bowl Area of Mid-West devastated by dust storms 1933- Black Blizzards Overplanting led to loss of grasslands Drought left the land barren Wind blew soil 1000s of miles Crops buried, livestock killed Banks foreclosed on farm mortgages Mass migrations

Great Depression Escapism Movies Radio Sports Literature Arts