1. The Great Depression

2. Causes of Great Depression
Ailing industries – farming, mining, railroads, steel
Uneven distribution of wealth – income gap
Majority of people can’t afford products they make
Overproduction of goods
Factories outputting so many items – not enough people can buy them
Other countries can’t afford them either – high tariffs on their goods coming into US
Buying stock on margin
Borrow money to buy stock
More people buy stock
When it crashes, can’t pay back loans
Doesn’t cause GD, but makes it worse
Dow Jones Industrial Average – index of 30 blue-chip companies that represent the whole stock market
Banking system
No guarantee on money deposited
Run on the banks worsens the situation

3. Effects of Great Depression
Bread lines
Homelessness
Shanty towns (Hoovervilles)
Deflation – prices go down to try to sell products
Families learned to make sacrifices , share resources to survive, and to not take things for granted

4. Stock Market Crash & Banks Closing

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7. Run on the Banks

9. The Dust Bowl

10. Causes of Dust Bowl Drought High winds Over farming of land9
Causes of Dust Bowl
Drought
High winds
Over farming of land
Direct, negative impact on farmers, who are already hurting
Makes Depression worse

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To go further into the “dust bowl.” What it was is that during 1931 there was a sever drought which killed all of the crops out west. Because of this the dead crops and dry dirt would create huge dust storms capsizing houses and even towns. The drought worsened in 1934, which was during the heart of the depression. So not only we’re the city’s economically unstable, the farms were to. But come 1939 which was around the start of WWII and the end of the depression, rain came and helped the west grow gold with wheat. This rain helped pull the country together from the decade of the great depression.

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15. Dust Storms

16. The Dust Bowl The Grapes of Wrath
John Steinbeck wrote about people from Oklahoma who left for California for a better life
It wasn’t much better there
Too many people doing the same
Not enough jobs, money
Famous scene

17. Unemployment

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Up to 1929 the unemployment rate never went over 9%. In the heart of the great depression it got up to almost 25%. And by 1933 one in every four Americans were un employed. And as you can see, 1933 was really the heart of the depression.

27. Families and Children

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The soup kitchen was a popular place during those days. Everyone came there to get free soup because they couldn’t afford any.

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45. Bonus Army

47. Bonus Army
43,000 WWI Veterans march on Washington D.C. when their farms, homes are being foreclosed on and they’ve never received the bonus money they were promised for fighting in the war.
They were ordered to leave and refused
Police came and when they resisted, shots were fired
Two were wounded, and later died
President Hoover orders police and military to clear them out. Women and children are forced out also.
All their belongings are burned.