By:Lauren Petrozza, Jessica Veilleux, Neve Manion, and Paul Ciarcia

 Stock Market Crash  U.S. market lost two-thirds of its value by 1993  Collapse of the American banking system  Bank failures  Stock of money shrank  Farm Depression  Farm product prices fell  Economic Breakdowns  World trade collapsed because of Smoot-Hawley Tariff

 27.5 million families in the U.S. at the time  21.5 million families (78 percent) made under $3,000  6 million families made under $1,000 per year (22 percent)  The median household income today is $51,404, about $ per month (171.3% increase)

 Southern City People Slogan  Racial slogans like ‘No jobs for Niggers until every white man has a job”  Roosevelt Did Little to Help  Opposed Civil Rights  African Americans Made Their Own New Deal  Helped each other out and grew their own food  “Slave Market”  Unemployment Rate  Blacks higher than Whites tkminfo.wikispaces.com aofarkansas.net

 New Deal- people got jobs PWA and WPA  Farmers relocated  People relied on government checks or charity organizations for food  Enlisted in the military  People got jobs as cartographers (mapmakers)

 Collapse of American banking system:  Depositors wanted to remove their money from banks  Banks ran out of cash so they were forced to shut down  Businesses could no longer operate  Farm Depression:  Many people lost their farms due to dropping prices of crop  Severe drought left soil unfertile—no plants grew  Many were forced from their homes argenteditions.com

 Stock value dramatically dropped  Thousands of shareholders lost large sums of money  By 1930 consumer spending had fallen dramatically (no one was spending money)  Decrease in world trade—increase in trade restrictions  Nations changed their leaders and types of government because of the economic crisis

 Created by Reed Smoot and Willis Hawley  Blamed for turning “what would have been a normal economic depression into a worldwide depression”  Reasons it was so bad:  Responsible for highest tariff rates in U.S. history  “Deepened” the Great Depression by reducing availability of foreign goods  Created an “open trade war between countries” and increased foreign trade retaliation en.wikipedia.org