THE GREAT DEPRESSION: WHAT IS GOING ON IN THE WORLD ECONOMICALLY By: Nurjahn Telfer, Talissa Montalvo, Justin Valentine.

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Presentation transcript:

THE GREAT DEPRESSION: WHAT IS GOING ON IN THE WORLD ECONOMICALLY By: Nurjahn Telfer, Talissa Montalvo, Justin Valentine

 African Americans from new York city Harlem raised money through "rent parties”.  Urban people did competitions to earn money such as races, pre-eating contest, and dance marathons  Families began to update their homes with electronic irons, washing machines, refrigerators, And other objects that helped  Ketchup mixed with a cup of water was tomato soup HOW DID PEOPLE MAKE ENDS MEET?

 Black unemployment increased to 50%-90%  African American woman held the lowest positions with least pay  1938, new deal programs provided 30%of African Americans with a form of federal aid  1934, last large group of African Americans left republican party and joined democracy party HOW DID THE RACE FACTOR AFFECT HOW SUCCESSFUL PEOPLE WERE IN THE COUNTRY?

 1933, mortgages foreclosures were averaging 1000 per day nationwide  Hoover supported homeowners passage of federal home loan bank bill July 27,1932  Roosevelt administration lobbied for additional legislation including home owners loan corporation, enacted June 13, 1933  Hole reduced foreclosure rates by linearizing financing requirement WHAT WAS THE AVERAGE HOUSEHOLD INCOME?

 The crash of stock market started in october 1929 that was caused by massive inflation of marketing  Blamed continued because of the misery of the bottom American society  Income fell from $87.8 billion In the 1932s to $75.7  Laid off workers because of the business dropping WHAT WERE THE MAJOR ISSUES FACING OUR COUNTRY?

 1929 and 1933, 9,760 commercial bank suspension  People borrowed more than $400 million from fiduciaries  Addressed the effects of the great depression on home ownership  People relied on short-term loans from commercial banks WHAT IS THE MOST INTERESTING INFORMATION YOU FOUND IN YOUR RESEARCH?

 People lost there jobs so they had to live in  Couldn’t buy a lot of things to eat  Stock values fell from $87 to $55 billion dollars  Unemployment rate soared from 3.2% to 24.5% HOW DOES THESE ISSUES IMPACT THE WAY INDIVIDUALS LIVED?

THANK YOU!!!!!!!