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

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

3. Great Depression Unemployment: Underemployment: hours/ wages cut
: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

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

5. 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

6. Great Depression
Escapism
Movies
Radio
Sports
Literature
Arts