Effects of the Great Depression The Human Effect
City Laborers Many lost jobs Became homeless Lived in Poverty “Hoovervilles”
Sit-Down Strikes
Unemployment
Farmers Couldn’t afford farms Dust Bowl Forced to migrate elsewhere
Dust Bowl
Farm Industry Declines
Women First to lose their jobs Couldn’t find work Left to fend for the family
Women/Families
Children Horrid health conditions Lack of food Could not go to school Couldn’t be supported by parents
Children’s Soup Line
Children
Men Psychologically damaged; felt like failures Abandoned families
Men
Bank Failure
Racial Minorities Discrimination increased Work harder to find Hispanics and Asian Americans deported Lynchings increase in South
Great Depression Statistics National Income 1929: $81 Billion 1932: $41 Billion Business Failures : 85,000 Bank Failures : 9,000 failures & 9,000,000 accounts wiped out Per Capita Income 1929: $ : $495
What would you do to cure the Great Depression?
Americans Pull Together Farmers Stick Together Penny Auctions Young People Ride the Rails Political Solutions Communism Socialism
Signs of Change Prohibition Repealed (1933) 21st Amendment Failed social experiment The Empire State Building (1930) $41 million costs (half) Symbol of hope
Herbert Hoover
Hoover’s Limited Strategy Confidence is Key Voluntary Action Asked wages stay up Volunteering Fails Government Acts Agricultural Marketing Act Fails to fix prices Hoover Dam
Hoover’s Limited Strategy Government Acts Hawley-Smoot Tariff Highest import tax in history Fails!! Reconstruction Finance Corporation Gov’t credit to businesses
Hoover’s Unpopularity State and Local governments should handle relief Appeared Cold hearted Bonus Army 20,000 WWI vets march on Washington Wanted pension bonus early Used force to drive marchers out of Wash.
Election of 1932 Republican Herbert Hoover Democrat Franklin D. Roosevelt NY Governor Promised a “New Deal” for America Results FDR Wins “The only thing we have to fear is fear itself.”