The Great Depression

When The Wall Street Stock Market Crashed On October 1929 It Was Plunged into The Great Depression They Moved Into The Central Park

The cause of Great Depression Their were too many goods being made. America lent large sums of money to Europe Their were too many small banks The Wall Street Crash of October 1929

Effects of Depression From 1929 t 1932, 5,000 banks went out of business. Unemployment – 13 million people were out of work. The entire American banking system reached the brink of collapse.

Human meaning 70 percent of Charleston's black population was unemployed and 75 percent of Memphis's. Buildings that previously held 60 families now contained 300. In Chicago, 70 percent of all black families earned less than a $1,000 a year, far below the poverty line. In south Texas, the Salvation Army provided a penny per person each day.

Human Meaning about Depression Doctors and lawyers incomes fell 40%. Doctors and lawyers incomes fell 40%. 70,000 black families earned $1,000 a year. 70,000 black families earned $1,000 a year. 12,0000 people jobless. 12,0000 people jobless. Salvation Army donated 1 cent to each family. Salvation Army donated 1 cent to each family.

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